Denmark: Consumer confidence in October hits lowest level in nearly two years
October 23, 2015
The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 5.0 points in September to 3.0 points in October, thus falling to the lowest level since December 2013.
October’s reading reflects consumers’ less positive perceptions of the economic situation in Denmark for the next 12 months. Households were also downbeat regarding the development of consumer prices, both in terms of the past and what they expect going forward. Moreover, consumers expressed less interest in making big-ticket purchases and they continued to have a negative feeling about their ability to generate savings at present and in the next 12 months.
Author: Dirina Mançellari, Senior Economist