Denmark: Consumers less confident in February
February 19, 2014
In February, the consumer confidence indicator developed by Statistics Denmark (DST) fell to 4.2 points. The figure was down from the 6.3 points recorded in January.
The monthly result reflects households' less optimistic views regarding their current personal financial situations. In addition, their willingness to make major purchases deteriorated over the previous month. However, consumers' view regarding the country's economic situation marked an improvement over January.
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