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Denmark Consumer Confidence April 2023

Denmark: Consumer sentiment continues to gradually improve in April; remains deeply pessimistic

Consumer sentiment improved for a sixth consecutive month in April, coming in at minus 18.2, up from March’s minus 23.1. As a result, the index moved closer to, but remained well below, the 0-point threshold, signaling softer pessimism among Danish consumers from the previous month.

Looking at the details of the release, April’s uptick chiefly reflected less pessimistic views regarding their current financial situation and the country’s general economic situation from a year ago. Moreover, consumers became less averse to making big-ticket purchases. Additionally, consumers were more optimistic with regard to their financial situation a year from today. These developments more than offset consumer sentiment becoming more pessimistic about the country’s economic situation in the coming year.

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