Denmark Consumer Confidence

Denmark

Denmark: Consumer confidence recovers in November

November 24, 2015

The consumer confidence indicator developed by Statistics Denmark (DST) increased from 3.0 points in October to 5.6 points in November, thus reaching a three-month high.

November’s reading reflects consumers’ positive perceptions of the economic situation in Denmark for the next 12 months. Households were also more upbeat regarding the development of consumer prices in terms of the past 12 months. Moreover, consumers expressed more interest in making big-ticket purchases and they had a more optimistic feeling about their ability to generate savings at present and in the next 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.9% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect consumption to expand 2.1%, which is up 0.1 percentage points from last month’s forecast.


Author:, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence November 2015

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


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