Denmark: Consumer confidence improves in July but remains pessimistic
July 23, 2020
Consumer confidence came in at minus 2.9 in July, up from June's minus 3.1. Consequently, the index remained below the 0-point threshold separating pessimism from optimism among consumers. The reading suggests that households remain cautious despite the lifting of lockdown measures, and hints at still-muted private consumption at the outset of Q3.
The uptick came on the back of an improvement in consumers' views on the general economic situation over the next 12 months. In contrast, consumers’ views on their financial situation over the next 12 months deteriorated.