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Denmark Consumer Confidence June 2020

Denmark: Consumer confidence improves in June, but remains pessimistic

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.

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