Denmark Consumer Confidence January 2016

Denmark

Denmark: Consumer confidence falls in January

January 21, 2016

The consumer confidence indicator developed by Statistics Denmark (DST) dropped from 6.1 points in December to 4.6 points in January, thus hitting a three-month low.

January’s reading reflects consumers’ less-positive perceptions of the economic situation in Denmark for the next 12 months. Households were also less upbeat regarding the development of consumer prices in terms of the past 12 months. In addition, consumers were less optimistic in making big-ticket purchases compared to the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.9% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect consumption to expand 2.1%.


Author:, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence January 2016

Note: Value of monthly consumer confidence.
Source: Statistics Denmark (DST).


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