Denmark Consumer Confidence


Denmark: Consumer confidence jumps to multi-year high in March

March 23, 2015

The consumer confidence indicator developed by Statistics Denmark (DST) jumped from 9.1 points in February to 13.9 points in March, which marked the strongest result since January 2006.

March’s reading reflects consumers’ much more positive perceptions of the economic situation in Denmark today compared to a year ago and higher expectations for the national economy in the coming 12 months. Consumers were also more upbeat regarding their family’s situation, both in terms of the past and what they expect going forward. Moreover, consumers expressed interest in making big-ticket purchases for the first time since February 2010. However, consumers continued to have a bad feeling about the unemployment rate in the next 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.5% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists expect consumption to expand 1.9%.

Author:, Economist

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Denmark Consumer Confidence Chart

Denmark Consumer Confidence March 2015

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

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