The Danish consumer confidence index increased to 4.5 in January 2020 from 1.4 in December 2019. This was the strongest reading since August 2019, as there was an improvement in expectations regarding household’s financial situation (12.0 vs 11.7 in December); general economic situation (-0.9 vs -4.7) and unemployment (2.7 vs 6.2). Meanwhile, households’ views on savings prospects (33.3 from 40.8) and expectations on major purchases (-2.4 vs -0.6) deteriorated.

Consumer Confidence in Denmark averaged 0.50 points from 1974 until 2020, reaching an all time high of 15.50 points in January of 2006 and a record low of -22 points in December of 1988. This page provides the latest reported value for - Denmark Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Statistics Denmark

Consumer Confidence in Denmark is expected to be 1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Denmark to stand at -1.50 in 12 months time. In the long-term, the Denmark Consumer Confidence is projected to trend around 1.00 points in 2020, according to our econometric models.

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Denmark Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
4.50 2.50 15.50 -22.00 1974 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-23 06:00 AM Oct 1.7 4.3 3.9
2019-11-21 07:00 AM Nov 1.4 1.7 2.8
2019-12-20 07:00 AM Dec 2.5 1.4 2.1
2020-01-23 07:00 AM Jan 4.5 2.5 1.7
2020-02-20 07:00 AM Feb 4.5 1.3


News Stream
2019-12-20
Danish Consumer Confidence Improves in December
The Danish consumer confidence index increased to 2.5 in December of 2019 from 1.4 in the previous month. This was the strongest reading since September, as there was an improvement in both expectations regarding household’s savings prospects (40.8 from 32.0 in November) and major purchases (-0.6 vs -3.7). On the other hand, general economic situation was unchanged (-4.7 vs -4.7). Meanwhile, expectations of both regarding household’s financial situation (11.7 vs 13.5) and unemployment prospects (6.2 vs 7.7) weakened.

2019-11-21
Danish Consumer Morale Weakest in Near 3 Years
The Danish consumer confidence index declined to 1.4 in November of 2019 from 1.7 in the previous month. This was the lowest reading since December 2016, as expectations regarding household’s savings prospects deteriorated (32.0 from 34.0 in October). On the other hand, there was an improvement in household’s financial situation (13.5 vs 11.6); major purchases (-3.7 vs -5.1); unemployment prospects (7.7 vs 5.8), and general economic situation (-4.7 vs -5.2).

2019-10-23
Danish Consumer Morale Weakest in Near 3 Years
The Danish consumer confidence index declined to 1.7 in October of 2019 from 4.3 in the previous month. This was the weakest consumer confidence since December 2016, amid lower expectations regarding household’s financial situation (11.6 vs 14.5 in September); savings prospects (34.0 from 44.6); major purchases (-5.1 vs -3.3) and unemployment prospects (5.8 vs 4.1).On the other hand, there was an improvement in general economic situation (-5.2 vs -5.7).

2019-09-20
Danish Consumer Confidence Weakens in September
The Danish consumer confidence index declined to 4.3 in September of 2019 from 6.3 in the previous month, amid lower expectations regarding household’s financial situation (14.5 vs 15 in August); general economic situation (-5.7 vs -1.8); unemployment (4.1 vs 1.2); and major purchases (-3.3 vs -0.3). On the other hand, there was an improvement in savings prospects (44.6 from 38.8).

2019-08-22
Danish Consumer Morale Strongest in 11 Months
The Danish consumer confidence index increased to 6.3 in August 2019 from 2.9 in the previous month. This was the strongest reading since September last year amid an improvement in consumers' views on past financial situation (11.0 vs 6.3 in July); future financial situation (15.0 vs 9.2); savings prospects (38.8 from 32.1); the current assessment of the country's economic situation (11.6 vs 9.0). Also, an improvement was seen in consumers' views on both intentions to make major purchases (-4.4 vs -6.0) and households' expectations about the economy over the next year (-1.8 vs -4.1).

2019-07-23
Danish Consumer Morale Weakest in 7 Months
The Danish consumer confidence index declined to 2.9 in July 2019 from 5.8 in the previous month. This was the weakest reading since December last year amid a deterioration in consumers' views on past financial situation (6.3 vs 9.0 in June); future financial situation (9.2 vs 14.6); savings prospects (32.1 from 33.3); the current assessment of the country's economic situation (9.0 vs 10.2), and households' expectations about the economy over the next year (-4.1 vs 3.5). Meantime, an improvement was seen in consumers' views on intentions to make major purchases (-6.0 vs -8.3).


Denmark Consumer Confidence
In Denmark, the consumer confidence indicator analyzes the consumer climate through questions about the economic situation as perceived by consumers at a given time concerning both the general economic situation in Denmark and the financial situation of the family. At present an omnibus survey consists of a sample of about 1,500 persons, drawn from a population of persons aged 16-74 years residing in Denmark.

Denmark Consumer Last Previous Highest Lowest Unit
Consumer Confidence 4.50 2.50 15.50 -22.00 points [+]
Retail Sales MoM 0.30 -0.20 1.90 -1.40 percent [+]
Retail Sales YoY -0.10 1.20 15.10 -10.20 percent [+]
Consumer Spending 236468.00 234106.00 236468.00 151525.00 DKK Million [+]
Disposable Personal Income 1127877.48 1095269.86 1127877.48 368723.09 DKK Million [+]
Personal Savings 7.29 11.01 16.14 -2.95 percent [+]
Households Debt To GDP 114.90 115.10 139.40 69.10 percent of GDP [+]
Households Debt To Income 235.11 240.53 269.77 180.80 percent [+]
Bank Lending Rate 0.05 0.05 15.00 0.05 percent [+]
Gasoline Prices 1.89 1.84 2.41 1.01 USD/Liter [+]
Consumer Credit 466.32 469.00 585.45 145.77 DKK Billion [+]
Consumer Confidence Current Conditions 16.00 13.90 28.10 -63.00 [+]
Consumer Confidence Economic Expectations 13.00 9.30 25.60 -46.00 [+]
Consumer Confidence Financial Expectations 15.70 12.30 19.00 -9.00 [+]
Consumer Confidence Major Purchases Expectations -3.00 -2.20 4.40 -18.00 [+]
Consumer Confidence Price Trends 17.40 20.10 76.00 -41.60 [+]
Consumer Confidence Savings Expectations 29.40 32.90 42.50 -27.00 [+]
Consumer Confidence Unemployment Expectations -10.40 -11.10 51.40 -26.00 [+]