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.
Author: Dirina Mançellari, Senior Economist