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Denmark Consumer Confidence October 2022

Denmark: Consumer sentiment nosedives to new record low in October

Consumer sentiment plunged to a fresh record low of minus 37.0 in October, down from the prior months minus 32.1. The index moved further below the 0-point threshold, signaling starker pessimism among Danish consumers from the previous month.

The deterioration was broad-based. It reflected deeper pessimism in consumers assessment of both their financial situation and the countrys general situation today compared to a year ago and in the coming 12-month period. Additionally, consumers considered it a bad time to make large-ticker purchases.

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