Denmark: Consumers more confident in March
March 21, 2014
In March, the consumer confidence indicator developed by Statistics Denmark (DST) rose to 5.0 points. The figure was up from the 4.2 points recorded in February. The monthly result reflects households' more optimistic views regarding their personal financial situations in a year from now. In addition, their perception of the country's economic situation in the next 12 months improved over the previous month. Conversely, their willingness to make major purchases deteriorated over February. FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.4% in 2014, which is unchanged from last month's forecast. For 2015, panelists expect consumption to expand 1.2%.
Author: Dirina Mançellari, Senior Economist