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). Consumer Confidence in Denmark averaged 0.45 Index Points from 1974 until 2019, reaching an all time high of 15.50 Index Points in January of 2006 and a record low of -22 Index Points in December of 1988.
Consumer Confidence in Denmark is expected to be 3.20 Index 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 -2.00 in 12 months time. In the long-term, the Denmark Consumer Confidence is projected to trend around 1.00 Index Points in 2020, according to our econometric models.