Denmark Consumer Confidence

Denmark

Denmark: Consumer confidence reaches nearly seven-year high

January 23, 2014

In January, the consumer confidence indicator developed by Statistics Denmark (DST) rose to 6.3 points, which marked a significant improvement over the 2.9 points observed in December. January's reading marked the highest value that has been recorded since July 2007.

The monthly improvement reflects households' more optimistic views regarding both their current financial situations and the country's economic situation. In January, consumers' overall outlook on personal finances 12 months from now was better than in the previous month. In addition, consumers' willingness to make major purchases improved over December.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.4% in 2014, which is unchanged from last month's forecast. For 2015, panelists expect consumption to expand 1.2%.


Author:, Senior Economist

Sample Report

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

Download

Denmark Consumer Confidence Chart


Denmark Consumer Confidence January 2014

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


Denmark Economic News

More news

Search form