Denmark Consumer Confidence May 2018

Denmark

Denmark: Consumer confidence jumps in May

May 24, 2018

The consumer confidence index released by Statistics Denmark jumped from 7.1 points in April to 9.3 points in May, a nine-month high. The index remained comfortably above the crucial zero-point mark that separates optimism from pessimism among consumers, where it has been since January 2017.

Although households’ view on their financial situation for the next year was less favorable, there was an increase in their willingness to make major purchases. Their view on the country’s economic outlook over the next 12 months improved notably despite rising unemployment expectations.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.3% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, panelists also expect consumption to grow 2.3%.


Author: Jean-Philippe Pourcelot, Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence May 2018

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


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