The consumer confidence index in Denmark increased to -23.1 in March 2023 from -25.1 in the previous month. It was the highest reading since last May, as households' assessments of family's financial conditions over the next 12 months moved into positive territory (0.4 vs -0.3 in February) despite their views compared to a year ago remaining weak (-31.2 vs -27.0). Meanwhile, consumers' sentiment about the economic situation in the country compared to the year before improved (-44.5 vs -49.8), while that over the next 12 months was much less negative (-0.7 vs -6.4). Also, saving intentions grew slightly for the present(64.4 vs 64.3) but declined over the next 12 months (22.0 vs 23.8). At the same time, consumers projected unemployment to drop in a year (18.6 vs 28.4). Assessment over prices compared to a year ago fell (61.0 vs 63.1), while expectations for price development in the coming year were slightly more negative (-8.5 vs -8). source: Statistics Denmark
Consumer Confidence in Denmark averaged -0.36 points from 1974 until 2023, reaching an all time high of 15.50 points in January of 2006 and a record low of -37.00 points in October of 2022. 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 March of 2023.
Consumer Confidence in Denmark is expected to be -22.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark Consumer Confidence is projected to trend around -2.00 points in 2024 and 5.00 points in 2025, according to our econometric models.