Denmark: Consumer confidence falls in December
December 21, 2017
The consumer confidence index released by Statistics Denmark declined from 7.6 points in November to 6.5 points in December, the lowest reading in seven months. Nevertheless, the indicator remained above the crucial zero-point mark that separates optimism from pessimism among consumers, where it has remained since January of this year.
The decline reflected less favorable perceptions among respondents about their financial situation over the last 12 months as well as their assessment of the general economic situation over the next 12 months. Households’ willingness to make big purchases in the current period as well as in the future also worsened in December.
Author: Nihad Ahmed, Economist