Denmark Consumer Confidence March 2021

Denmark

Denmark: Consumer confidence increases mildly in March, but remains in pessimistic terrain

March 24, 2021

Consumer confidence ticked up in March, coming in at minus 5.0 from February’s minus 5.2 reading. Consequently, the index moved slightly towards—but still remained below—the 0-point threshold, separating pessimism from optimism among consumers.

The result largely reflected consumers became less pessimistic regarding the country’s economic situation in a year from now, while their willingness to purchase large-ticket items turned positive. Moreover, while they still expect unemployment to increase in the coming 12 months, expectations have improved compared to the past six months’ average. Meanwhile, consumers’ savings prospects weakened somewhat compared to the previous month.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.3% in 2021, which is down 0.2 percentage points from last month’s forecast, and 3.6% in 2022.


Author:, Junior Economist

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Denmark Consumer Confidence March 2021 0

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


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