Denmark Consumer Confidence July 2016

Denmark

Denmark: Consumers less confident in July

July 20, 2016

The consumer confidence indicator produced by Statistics Denmark (DST) decreased from 4.4 points in June to 3.1 points in July, which was the lowest print in nine months.

July’s reading reflected consumers’ more pessimistic expectations for the Danish economy in the next 12 months. Their perceptions of the current economic situation in Denmark have deteriorated slightly compared to a year ago. In addition, participants in the survey responded that they were more concerned about the current and future financial situation of their households. Surprisingly, households were more optimistic about the outlook for unemployment in the next 12 months.

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


Author: Marlène Rump, Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence July 2016

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


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