Denmark Consumer Confidence


Denmark: Consumer confidence hits six-month low in August

August 24, 2015

The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 9.5 points in July to 9.2 points in August, thus falling to the lowest level in six months.

August’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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.5% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists expect consumption to expand 1.9%.

Author:, Senior Economist

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Denmark Consumer Confidence Chart

Denmark Consumer Confidence August 2015

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

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