Denmark Consumer Confidence January 2017


Denmark: Consumer confidence swings back to positive in January

January 24, 2017

Consumer confidence in Denmark rose in January, hitting a five-month high of plus 4.5 points. The result contrasted the minus 0.3 points tallied in December, Statistics Denmark (DST) reported.

January’s survey reflected that consumers were particularly more positive about the country’s general economic situation in the past year and in the near future. Similarly, households reported that their financial situations in the past 12 months had improved and would continue to do so in the coming 12 months. Conversely, survey participants were more pessimistic about the development of the unemployment rate.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.8% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect consumption to expand 2.0%.

Author: Marlène Rump, Senior Data Analyst

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Denmark Consumer Confidence Chart

Denmark Consumer Confidence January 2017

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

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