The Danish consumer confidence index declined to 4.3 in September of 2019 from 6.3 in the previous month, amid lower expectations regarding household’s financial situation (14.5 vs 15 in August); general economic situation (-5.7 vs -1.8); unemployment (4.1 vs 1.2); and major purchases (-3.3 vs -0.3). On the other hand, there was an improvement in savings prospects (44.6 from 38.8). Consumer Confidence in Denmark averaged 0.45 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 5.50 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 -2.00 in 12 months time. In the long-term, the Denmark Consumer Confidence is projected to trend around 1.00 Index Points in 2020, according to our econometric models.