Denmark: Consumer confidence hit five-month low in July
July 24, 2015
The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 9.8 points in June to 9.5 points in July, thus falling to the lowest level in five months.
July’s reading reflects consumers’ less positive perceptions of the economic situation in Denmark in the next 12 months. Households were also downbeat regarding development of consumer prices, both in terms of the past and what they expect going forward. Moreover, consumers expressed less interest in making big-ticket purchases and they continued to have a negative feeling about their ability to generate savings at present and in the next 12 months.
Author: Dirina Mançellari, Senior Economist