Denmark: Consumer sentiment continues to improve in January; remains deeply pessimistic
Consumer sentiment came in at minus 26.1 in January, improving from the prior months minus 28.9. 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, Januarys upturn was due to an improvement in consumers assessment of their current financial situation both compared to a year ago and in the coming 12 months, although both remained pessimistic. Additionally, consumers became less pessimistic regarding the countrys current economic situation compared to the last 12 months and to the year ahead.