Denmark Consumer Confidence May 2021

Denmark

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.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.4% in 2021, which is down 0.1 percentage points from last month’s forecast, and 3.5% in 2022.


Author:, Junior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence May 2021

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


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