Denmark: Consumer confidence records weakest reading in eight months in November
Consumer confidence came in at minus 2.0 in November, swinging from October’s plus 3.3. November’s result marked the weakest performance since March. As a result, the index fell below the 0-point threshold, and indicated pessimism among consumers.
The headline print largely reflected a deterioration in consumers’ willingness to make major purchases. In addition, sentiment regarding the general economic situation over the next 12 months soured. Lastly, consumers’ views of households’ financial situation over the next and past 12 months turned less positive.