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Denmark Consumer Confidence October 2020

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

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.

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