Denmark Consumer Confidence April 2022

Denmark

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.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.4% in 2022, which is down 0.5 percentage points from last month’s forecast, and 2.6% in 2023.


Author:, Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence April 2022

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


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