Denmark: Consumer confidence falls further in September
September 22, 2020
Consumer confidence came in at minus 7.4 in September, down from August’s minus 5.5, marking the lowest reading in the past four months. Consequently, the index moved further away from the 0-point threshold, which separates pessimism from optimism among consumers.
The drop came on the back of consumers’ lack of desire to shop, as their assessment of the economic situation in the country over the next 12 months remains deteriorated. Meanwhile, the survey revealed that households expect unemployment to increase going forward. However, consumers still believe that the financial situation of the families is better now than it was in 2019.
Author: Marta Casanovas , Junior Economist