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.
Author: Marta Casanovas , Junior Economist