The Danish consumer confidence index declined to -7.6 in November 2020 from -6.2 in October. This was the weakest consumer sentiment since May, due to a deterioration in expectations regarding households' financial situation (10.6 vs 12.0 in October) and big purchases climate became more negative (-4.6 vs -4.1). Also, there was a deterioration in the general economic situation (-16.1 vs -7.8) and consumers expect unemployment to increase in a year, amid the coronavirus pandemic. Meantime, households’ views on savings prospects improved (38.8 vs 34.3). source: Statistics Denmark
Consumer Confidence in Denmark averaged 0.38 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. Denmark Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Consumer Confidence in Denmark is expected to be -9.50 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 2021 and 4.00 points in 2022, according to our econometric models.