Denmark Consumer Confidence April 2016

Denmark

Denmark: Consumer confidence increases in April

April 29, 2016

The consumer confidence indicator developed by Statistics Denmark (DST) increased from 3.6 points in March to 5.5 points in April, hitting a four-month high.

April’s reading reflected consumers’ more positive perceptions of the current economic situation in Denmark compared to a year ago. Households were also more upbeat regarding their personal financial situation. Conversely, consumers were less optimistic about making big-ticket purchases compared to the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.9% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect consumption to expand 2.1%.


Author:, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence April 2016

Note: Value of monthly consumer confidence.
Source: Statistics Denmark (DST).


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