Denmark Consumer Confidence October 2020

Denmark

Denmark: Consumer confidence improves slightly, but remains pessimistic in October

October 22, 2020

Consumer confidence came in at minus 6.2 in October, up from September's minus 7.4. However, the index remained below the 0-point threshold, indicating pessimism among consumers.

The improvement came on the back of families’ improved sentiment regarding their current financial situation, both compared to a year ago and a year from now. Moreover, consumers’ views on the country’s economic situation in the last 12 months turned less sour. However, consumers’ expectations regarding the economy in the year ahead worsened.

FocusEconomics Consensus Forecast panelists see the economy growing 3.9% in 2021, which is down 0.1 percentage points from the previous month’s forecast, and 2.7% in 2022.


Author:, Junior Economist

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Denmark Consumer Confidence October 20 20 0

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


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