Denmark Consumer Confidence


Denmark: Consumer confidence falls in November

November 24, 2014

The consumer confidence indicator developed by Statistics Denmark (DST) fell from 8.2 points in October to 6.3 points in November.

November’s reading reflects that consumers’ were less optimistic regarding the general economic situation of the country over the last 12 months, compared to October. Additionally, consumers’ opinions regarding their own financial situation over the last year deteriorated compared to last month. In contrast, consumers’ views improved regarding whether it was the time to buy big ticket items.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.3% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect consumption to expand 1.9%, which is also unchanged from last month’s publication.

Author: Angela Bouzanis, Senior Economist

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Denmark Consumer Confidence Chart

Denmark Consumer Confidence November 2014

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

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