Denmark: Consumer confidence inches down in October
October 23, 2013
In October, the consumer confidence indicator developed by Statistics Denmark (DST) inched down from 4.7 points in September to 4.6 points. The figure represents the lowest value in three months.
Consumers were less willing to buy durable goods compared to the previous month. In addition, households were less confident about the current economic situation compared to a year ago.
FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.4% in 2013, which is unchanged from last month's forecast. For 2014, panelists expect consumption to expand 1.2%, which is up 0.1 percentage points from last month's projection.
Author: Dirina Mançellari, Senior Economist