Denmark: Consumer confidence moderates in May

The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 13.7 points in April to 13.0 points in May.

May’s reading reflects consumers’ slightly less positive perceptions of the economic situation in Denmark today compared to a year ago. Consumers were also less upbeat regarding their family’s situation, both in terms of the past and what they expect going forward. Moreover, consumers expressed less interest in making big-ticket purchases and they continued to have a negative 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%.