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.

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Denmark Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-7.60 -6.20 15.50 -22.00 1974 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-21 06:00 AM Aug -5.5 -2.9 -2.1
2020-09-22 06:00 AM Sep -7.4 -5.5 -4.3
2020-10-22 06:00 AM Oct -6.2 -7.4 -8
2020-11-20 07:00 AM Nov -7.6 -6.2 -8
2020-12-23 07:00 AM Dec -7.6 -9.5
2021-01-22 07:00 AM Jan
2021-02-19 07:00 AM Feb
2021-03-23 07:00 AM Mar


News Stream
Danish Consumer Morale Weakest in 6 Months
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).
2020-11-20
Danish Consumer Confidence Improves in October
The Danish consumer confidence index increased to -6.2 in October 2020 from -7.4 in September, due to an improvement in expectations regarding households' financial situation (12.0 vs 10.9 in September) while big purchases climate became less negative (-4.1 vs -6.7). Meantime, there was a deterioration in the general economic situation (-7.8 vs -3.5) and consumers expect unemployment to increase in a year, amid the coronavirus pandemic while households’ views on savings prospects also weakened (34.3 vs 37.6).
2020-10-22
Danish Consumer Morale Weakest in 4 Months
The Danish consumer confidence index declined to -7.4 in September 2020 from -5.5 in August. It was the weakest reading since May, due to a deterioration in expectations regarding households' financial situation (10.9 vs 12 in August) while consumers expect unemployment to increase in a year, amid the coronavirus pandemic. Meantime, there was an improvement in the general economic situation (-3.5 vs -6.2) and big purchases climate became less negative (-6.7 vs -6.9) while households’ views on savings prospects also strengthened (37.6 vs 37.1).
2020-09-22
Danish Consumer Morale Weakest in 3 Months
The Danish consumer confidence index declined to -5.5 in August 2020 from -2.9 in July. It was the weakest reading since May, due to a deterioration in expectations regarding the general economic situation (-6.2 vs 3.0) and big purchases climate became more negative (-6.9 vs -5.3). Also, consumers expect unemployment to increase in a year. Meantime, there was an improvement in households' financial situation (12.0 vs 11.2), while households’ views on savings prospects also strengthened (37.1 vs 34.0).
2020-08-21

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.