Denmark: Consumer confidence reaches highest level in nearly eight years in July
July 23, 2014
In July, the consumer confidence indicator developed by Statistics Denmark (DST) rose for the fifth consecutive month to 10.6 points, which marked the highest level since January 2007. July’s result represented an increase over the 9.3 points recorded in June.
July’s reading reflects an across-the-board improvement. Consumers’ opinions regarding both their own as well as the country’s economic situations than a year ago improved compared to the previous month. In addition, households were more optimistic regarding Denmark’s economic outlook one year out. Moreover, consumers’ willingness to make major purchases improved compared to June’s figure.
Author: Dirina Mançellari, Senior Economist