Denmark: Consumer sentiment continues to gradually improve in February; remains deeply pessimistic
Consumer sentiment continued to improve in February, coming in at minus 25.1, up from the prior month’s minus 26.1. As such, the index moved closer to, but remained well below, the 0-point threshold, signaling marginally softer pessimism among Danish consumers from the previous month.
Looking at the details of the release, February’s upturn chiefly reflected an improvement in consumers’ assessment of their current financial situation compared to the coming 12 months and of the country’s current general economic situation compared to a year ago. Lastly, consumers became marginally less averse to making large-ticker purchases.