Denmark: Consumer confidence stable in February
February 19, 2015
The consumer confidence indicator developed by Statistics Denmark (DST) came in at 9.1 points in February, which was broadly in line with January’s 9.0 points.
February’s reading reflects that consumers were less positive regarding the economic situations of both their family and the country as a whole over the past 12 months, compared to January. However, this was offset by more optimistic feelings about family prospects in the coming 12 months as well as an improvement in expectations for the economic situation in Denmark a year from now. Despite better forward-looking sentiment, consumers continued to have a bad feeling about the unemployment rate in the next 12 months, and were still reticent toward making big-ticket purchases, although less so compared to January.
Author: Carl Kelly, Economist