Denmark Consumer Confidence October 2021

Denmark

Denmark: Consumer confidence falls in October

October 21, 2021

Consumer confidence fell to 3.3 in October from September's over three-year high of 8.2. However, the index remained above the 0-point threshold, and indicated optimism among consumers.

The fall came on the back of a deterioration in consumers' views of households’ financial situation over the next and past 12 months. Additionally, sentiment over the general economic situation over the past and next 12 months eased in October.

FocusEconomics Consensus Forecast panelists see private consumption expanding 2.5% in 2021, which is down 0.8 percentage points from last month’s forecast, and 3.9% in 2022.


Author:, Junior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence October 2021

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


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