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.
Author: Carl Kelly, Economist