Denmark Consumer Confidence October 2018


Denmark: Consumer confidence plunges to over one-and-a-half year low in October

October 23, 2018

The consumer confidence index released by Statistics Denmark fell to 5.1 points in October from 6.9 points in September, the lowest level since February 2017. Despite the drop, the index remained comfortably above the crucial zero-point mark that separates optimism from pessimism among consumers, where it has been since January 2017.

The deterioration came on the back of consumers’ less optimistic perspective about their current and future financial situation and a less upbeat outlook on the general economic situation over the next 12 months. Moreover, consumers’ assessment of the labor market in the next 12 months worsened and households were less willing to make major purchases now or over the next year. Nevertheless, their view on the general economy over the last year improved.

Denmark Private Consumption Forecast

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.3% in 2019, which is unchanged from last month’s forecast. In 2020, panelists expect private consumption to grow 2.1%.


Sample Report

Looking for forecasts related to Consumer Confidence in Denmark? Download a sample report now.


Denmark Consumer Confidence Chart

Denmark Consumer Confidence October 2018

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

Denmark Economic News

More news

Search form