Denmark Consumer Confidence June 2021

Denmark

Denmark: Consumer sentiment falls slightly in June

June 22, 2021

Consumer confidence dropped to plus 2.3 in June, down from May’s 15-month high of plus 2.8. Consequently, the index remained above the 0-point threshold, indicating optimism among consumers for the second month running since the start of the pandemic in March 2020.

The softening in consumers’ sentiment was largely due to weaker expectations of the families’ financial situation in the coming 12-month period. Moreover, their assessment of the families’ current financial situation compared to a year ago was less optimistic. More positively, consumers became more optimistic regarding the country’s economic situation a year from now.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.3% in 2021, which is down 0.1 percentage points from last month’s forecast, and 3.5% in 2022.


Author:, Junior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence June 2021

Note: Value of monthly consumer confidence.
Source: Statistics Denmark (DST).


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