Denmark: Consumer confidence in September hits lowest level in nearly two years
September 25, 2015
The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 9.2 points in August to 5.0 points in September, thus falling to the lowest level since March 2014.
September’s reading reflects consumers’ less positive perceptions of the economic situation in Denmark for the next 12 months. Households were also downbeat regarding 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