Nice street in Denmark

Denmark Consumer Confidence January 2020

Denmark: Consumer confidence increases in January

The consumer confidence index released by Statistics Denmark increased to 4.5 in January from 2.5 in December. Therefore, the index remained above the zero-threshold that separates optimism from pessimism among consumers.

The uptick in January was primarily driven by consumers’ more positive views towards their financial situation over the last 12 months and for the year ahead. Moreover, households were more positive about national economic conditions over the past 12 months and were less pessimistic about making major purchases now rather than in the future in January.

Consumer sentiment was volatile in 2019, as external headwinds such as Brexit uncertainty and an economic slowdown in the euro area were partially offset by strong household savings and disposable income. Looking ahead, healthy labor dynamics and strong growth in house prices will likely support consumer confidence, while uncertainty over external risks should be receding due to less unknowns around Brexit and the U.S.-China “phase one” deal. That being said, an uncertain global growth outlook will likely continue to drag on consumer optimism.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen