Denmark Consumer Confidence November 2016

Denmark

Denmark: Consumers become even more pessimistic in November

November 22, 2016

The mood among Danish consumers became more pessimistic in November, when the consumer confidence indicator produced by Statistics Denmark (DST) slipped further from October’s multi-year low of 1.2 points to 0.9 points.

November’s gloomy reading reflected consumers’ poorer assessment of the economy in the last twelve months and a more downbeat outlook for the general economy in the next year. In addition, households reported poorer expectations of their financial situation in the coming year and therefore indicated a smaller likelihood of making a major purchase in the next twelve months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.0% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, panelists also expect consumption to expand 1.9%, which is unchanged from last month’s projection.


Author: Marlène Rump, Senior Data Analyst

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Denmark Consumer Confidence November 2016

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


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