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.