The Danish consumer confidence index rose to 3.9 in January 2019 from 2.9 in December last year. Consumers' views on future financial situation improved (12.2 from 10.9 in December) and consumers' intentions to make major purchases strengthened (-4.9 from -5.1). Meanwhile, expectations over the next year about the country's economic situation weakened (-1.3 from 0.9 in December). Also, households were less optimistic about their current financial situation (23.9 from 25.7) and expectations over savings propensity deteriorated (21.3 from 29.9). Consumer Confidence in Denmark averaged 0.40 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 7.80 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 7.20 in 12 months time. In the long-term, the Denmark Consumer Confidence is projected to trend around 5.30 Index Points in 2020, according to our econometric models.