Denmark Consumer Confidence March 2017


Denmark: Consumers were more optimistic in March

March 23, 2017

Danish consumers were more upbeat in March as their outlook on the economy improved markedly. The consumer confidence index came in at 6.2 points, the best result in 19 months (February: 4.8 points), as Statistics Denmark (DST) reported.

March’s survey reflected that consumers saw the general situation of the economy and their household’s financial situation improving markedly in the next 12 months. Moreover, consumers expect the unemployment rate to decrease in the coming year.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.5% in 2017, which is from unchanged last month’s forecast. For 2018, panelists expect consumption to expand 1.9%.

Author: Marlène Rump, Senior Data Analyst

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