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.
Author: Dirina Mançellari, Senior Economist