Denmark: Consumer confidence up at start of year
January 27, 2015
The consumer confidence indicator developed by Statistics Denmark (DST) rose from 6.0 points in December to 9.0 points in January.
Januaryr’s reading reflects that consumers were more positive regarding the economic situation of both their family and the country as a whole over the past 12 months, compared to December. In January, consumers had improved expectations for the economic situation in Denmark a year from now, but were slightly less optimistic about the prospects for their family in the coming 12 months. 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 December.
Author: Carl Kelly, Economist