Denmark Consumer Confidence May 2016

Denmark

Denmark: Consumer confidence falls in May

May 23, 2016

The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 5.5 points in April to 3.2 points in May, hitting a seven-month low.

May’s reading reflected consumers’ more negative perceptions of the current economic situation in Denmark compared to a year ago. In addition, consumers’ expectations for the economy in the next twelve months deteriorated. Moreover, consumers were more concerned regarding their current and future financial situations as well as regarding unemployment. Conversely, consumers were more optimistic about making big-ticket purchases over the next twelve months.

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 2.0%.


Author: Marlène Rump, Senior Data Analyst

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence May 2016

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


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