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.