Denmark: Consumer sentiment continues to gradually improve in July; still remains pessimistic
Consumer sentiment improved for a ninth consecutive month in July and rose to minus 10.1, up from the prior month’s minus 10.9. As a result, the index moved closer to, but remained well below, the 0-point threshold, signaling softer pessimism among Danish consumers from the previous month.
Looking at the details of the release, July’s uptick reflected less downbeat views regarding consumers’ current financial situation compared to a year ago and the country’s general economic situation a year from today. Moreover, consumers were less averse with regard to making large-ticket purchases.