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.