Denmark: Consumers more confident in April
April 22, 2014
In April, the consumer confidence indicator developed by Statistics Denmark (DST) rose to 5.5 points. The figure was up from the 5.0 points recorded in March and represents the highest level in three months.
The monthly result reflects households' more optimistic views regarding the country's economic situation as well as their personal financial situations in the past year. Conversely, consumers' willingness to make major purchases and their assessment of their personal financial situations a year from now deteriorated over the previous month.
FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.1% in 2014, which is up 0.1 percentage points from last month's forecast. For 2015, panelists expect consumption to expand 1.8%.
Author: Dirina Mançellari, Senior Economist