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.
Author: Dirina Mançellari, Senior Economist