Denmark Consumer Confidence

Denmark

Denmark: Consumer confidence rises in October

October 23, 2014

In October, the consumer confidence indicator developed by Statistics Denmark (DST) rose from 7.1 points in September to 8.2 points.

October’s reading reflects that consumers’ were more optimistic regarding the general economic situation of the country over the last 12 months, compared to September. Additionally, consumers’ opinions regarding their own financial situation over the last year improved compared to last month. In contrast, consumers’ views were unchanged regarding the general economic situation of the country in one year from now compared to September.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.3% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect consumption to expand 1.9%.


Author: Angela Bouzanis, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence October 2014

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


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