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Denmark consumer confidence improves slightly in June

Staff Writer |
The consumer confidence index came in at 7.1 points in June up from 5.8 points in May and is now above the rolling six-month average of 6.0 points.

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Households reported better economic circumstances compared to a year ago, though they were a bit less optimistic than in May regarding the economic situation of their family in the next 12 months.

Regarding Denmark’s economy, consumers painted a brighter picture this month when looking a year back but again moderated their sentiment compared to last month when looking forward.

Finally, consumers had a better assessment of the labor market this month and they see the unemployment rate drop markedly in the coming 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.8% in 2017, which is from up 0.2 percentage points last month’s forecast.

For 2018, panelists expect consumption to expand 2.0%.

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