The Danish consumer confidence index declined to 3.3 in October of 2021 from 8.2 in the previous month. It was the weakest reading since July, due to a deterioration in both households’ views on households' financial situation the next 12 months (9.8 vs 16.2 in September) and the general economic situation in the next 12 months (9.7 vs 14.0). At the same time, the big purchases climate weakened into negative territory (-0.8 vs 0.7). Meanwhile, consumers continued to expect unemployment to decline. Consumer confidence in October was slightly lower than the average for the last six months (3.9). source: Statistics Denmark

Consumer Confidence in Denmark averaged 0.38 points from 1974 until 2021, 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 October of 2021.

Consumer Confidence in Denmark is expected to be 1.00 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 1.80 points in 2022 and 1.50 points in 2023, according to our econometric models.

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Denmark Consumer Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-09-22 06:00 AM Sep 8.2 4.4 3.2
2021-10-21 06:00 AM Oct 3.3 8.2 6
2021-11-22 07:00 AM Nov 3.3


News Stream
Danish Consumer Morale Weakest in 3 Months
The Danish consumer confidence index declined to 3.3 in October of 2021 from 8.2 in the previous month. It was the weakest reading since July, due to a deterioration in both households’ views on households' financial situation the next 12 months (9.8 vs 16.2 in September) and the general economic situation in the next 12 months (9.7 vs 14.0). At the same time, the big purchases climate weakened into negative territory (-0.8 vs 0.7). Meanwhile, consumers continued to expect unemployment to decline. Consumer confidence in October was slightly lower than the average for the last six months (3.9).
2021-10-21
Danish Consumer Confidence Strongest in Over 3 Years
The Danish consumer confidence index increased to 8.2 in September of 2021 from 4.4 in the previous month. It was the strongest reading since July 2018, due to an improvement in both households’ views on households' financial situation the next 12 months (16.2 vs 13.5 in August) and the general economic situation in the next 12 months (14.0 vs 8.6). At the same time, households’ views on the general economic situation in the last 12 months strengthened to the highest level since the summer of 2019 (10.4 vs 0.4) while big purchases climate improved into positive territory (0.7 vs -0.8). Also, consumers continued to expect unemployment to decline. Still, consumer confidence in September was higher than the average for the last six months (3.2).
2021-09-22
Danish Consumer Morale Back to Pre-Pandemic Level
The Danish consumer confidence index increased to 4.4 in August of 2021 from 2.6 in the previous month. It was the strongest reading since January 2020, before COVID-19 hit Denmark, due to an improvement in households’ views on households' financial situation the next 12 months (13.5 vs 11.2 in July) while the general economic situation in the last 12 months moved into the positive territory for first time since March 2020 (0.4 vs -5.9), At the same time, there was an improvement in savings prospects (45.5 vs 40.3). Meanwhile, household views on both the general economic situation in the next 12 months (8.6 vs 9.3) and big purchases climate (-0.8 vs 1.7) deteriorated. Still, consumer confidence in August was higher than the average for the last six months (1.0).
2021-08-23

Denmark Last Unit Reference Previous Highest Lowest
Consumer Confidence 3.30 points Oct/21 8.20 15.50 -22.00
Retail Sales MoM -0.50 percent Aug/21 -0.10 17.80 -8.30
Retail Sales YoY 4.00 percent Aug/21 4.90 24.30 -10.20
Consumer Spending 240453.00 DKK Million Jun/21 230367.00 243025.00 151525.00
Disposable Personal Income 1172507.28 DKK Million Dec/19 1127877.48 1172507.28 368723.09


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.