Denmark Consumer Confidence

Denmark

Denmark: Consumer confidence nears seven-year high

May 21, 2014

In May, the consumer confidence indicator developed by Statistics Denmark (DST) rose for the third consecutive month to reach 7.8 points. The figure was up from the 5.5 points recorded in April and marked the highest level in seven years.

The improvement was broad based. Households were more optimistic regarding their personal financial situations as well as the country’s economic situation. In addition, consumers’ willingness to make major purchases and their assessments of their personal financial situations a year from now improved compared to the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.2% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect consumption to expand 1.9%.


Author:, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence May 2014

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


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