Denmark: Consumer confidence improves in June, but remains pessimistic
June 22, 2020
Consumer confidence came in at minus 3.1 in June, up from May's minus 8.8. As such, the index remained below the 0-point threshold separating pessimism from optimism among consumers. June’s reading was driven by households’ improved sentiment regarding their own financial situation and the general economic situation, and a greater willingness to make major purchases. However, given consumer sentiment was in negative territory throughout Q2, this suggests muted private consumption in the period.FocusEconomics Consensus Forecast panelists expect private consumption to decline 4.3% in 2020, which is down 0.2 percentage points from last month’s forecast. In 2021, panelists expect private consumption to grow 4.2%.