Denmark: Consumer confidence falls in January
January 21, 2016
The consumer confidence indicator developed by Statistics Denmark (DST) dropped from 6.1 points in December to 4.6 points in January, thus hitting a three-month low.
January’s reading reflects consumers’ less-positive perceptions of the economic situation in Denmark for the next 12 months. Households were also less upbeat regarding the development of consumer prices in terms of the past 12 months. In addition, consumers were less optimistic in making big-ticket purchases compared to the previous month.
Author: Dirina Mançellari, Senior Economist