Denmark: Consumer sentiment turns optimistic in May
May 21, 2021
Consumer confidence climbed in May and came in at plus 2.8, markedly up from April’s minus 1.1. May’s result marked a 15-month high. Consequently, the index broke through the 0-point threshold and indicated optimism among consumers for the first time since March 2020.
The headline print reflected a broad-based upturn in consumers’ sentiment. Notably, consumers’ perception of the current economic situation of the country compared to a year ago was markedly less sour. Moreover, they became more optimistic about the country’s economic situation in a year from now. Lastly, consumers expected unemployment to continue falling.
Author: Marta Casanovas , Junior Economist