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Denmark Consumer Confidence May 2023

Denmark: Consumer sentiment continues to steadily improve in May; still remains pessimistic

Consumer sentiment improved for a seventh consecutive month in May and rose to minus 15.1, up from the prior month’s minus 18.2. 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, May’s uptick chiefly reflected less downbeat views regarding the country’s general economic situation today compared to a year ago. Moreover, consumers became more optimistic with regard to their financial situation a year from today. Lastly, consumers became optimistic regarding Denmark’s general economic situation a year from today, swinging from the prior month’s pessimistic views.

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