Denmark Consumer Confidence

Denmark

Denmark: Consumer confidence falls in September

September 23, 2014

In September, the consumer confidence indicator developed by Statistics Denmark (DST) fell for the first time in seven months, from 11.4 points in August to 7.1 points. Despite September’s fall, the indicator remains above the 0-point threshold, which indicates that optimists outnumber pessimists.

September’s reading reflects an across-the-board deterioration. Consumers’ were more pessimistic regarding the general economic situation of the country over the last 12 months, compared to August. Additionally, consumers’ opinions regarding their own financial situation over the last year worsened compared to last month.

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%.


Author: Angela Bouzanis, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence September 2014

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


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