Denmark Consumer Confidence

Denmark

Denmark: Consumer confidence reaches highest level in seven years in June

June 24, 2014

In June, the consumer confidence indicator developed by Statistics Denmark (DST) rose for the fourth consecutive month to 9.3 points. The figure was up from the 7.8 points recorded in May and thus reached the highest level in seven years.

June’s reading reflects households’ more optimistic opinions regarding their personal finances compared to a year ago. In addition, their views on the country’s general economic situation compared to a year ago improved over the previous month. Conversely, consumers’ willingness to make major purchases recorded a slight deterioration compared to May’s figures.

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 June 2014

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


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