Denmark: Consumer sentiment nosedives to record low in April
April 21, 2022
Consumer sentiment plunged in April, falling to minus 20.9—the lowest reading since at least February 1990—markedly down from minus 14.4 in March. Consequently, the index moved further below the neutral 0-point threshold, indicating more pessimism among Danish consumers—partly reflecting the outbreak of the war in Ukraine in late February.
The downturn came on the back of consumers’ views regarding their financial situation both at present and in the coming 12-month period deteriorating. Consumers’ views with regard to the country’s general economic situation at present also deteriorated.
Author: Marta Casanovas , Economist