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Denmark Consumer Confidence November 2022

Denmark: Consumer sentiment improves marginally in November, but remains deeply pessimistic

Consumer sentiment came in at minus 30.4 in November, improving from the prior months record low of minus 37.0. 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.

The upturn was chiefly due to a sharp improvement in consumers assessment of their financial situation in the coming year, despite it remaining pessimistic. Consumers also became markedly less pessimistic regarding the countrys economic situation a year from today. Lastly, views with regard to the countrys general economic situation compared to the past 12 months and large-ticket purchases also became less pessimistic.

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