Denmark Consumer Confidence August 2021

Denmark

Denmark: Consumer confidence hits 19-month high in August

August 23, 2021

Consumer confidence came in at 4.4 in August, up from July's 2.6. August's result marked the strongest sentiment since January 2020. As a result, the index moved further above the 0-point threshold, signaling optimism strengthened among consumers.

The rise came on the back of an improvement in consumers' views of their financial situation over the next 12 months, and sentiment regarding the country’s current economic situation compared to a year ago also improved. Meanwhile, consumers' willingness to make major purchases turned less sour.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.0% in 2021, which is down 0.1 percentage points from last month’s forecast, and 3.7% in 2022.


Author:, Junior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence August 2021

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


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