Denmark Consumer Confidence Rises Modestly In February

Denmark consumer confidence increased modestly to 8.5 in February from 8.2 seen in the preceding month, according to its statistics department. The release revealed that the level was unchanged.

In any case, Denmark consumer confidence was slightly higher than the past six-month average of 7.5 reading. This demonstrated the populations’ view on the current and future economic conditions.

Denmark consumer sees that the family’s financial condition is better than the previous year month. The indicator showed 5.2 reading, which was modestly lower than the last six years average of 6.4.

Consumers expect the country’s economic condition to be better than the preceding year. The indicator showed a reading of 17.0, which was higher than the last six-years average of 14.9.

The release added, “Consumers expect that Denmark’s economic situation in a year will be better than today. The indicator is 9.6, which is approximately the same as the average for the past six years, which is 9.4. Consumers also expect that the family’s financial situation in a year will be better than today. The indicator is 17.0 and is thus higher than the average for the past six years, which is 14.8.”

Denmark consumers believe that the time was not right to buy any major consumer goods at the moment though they remained positive on the family’s financial condition. The indicator was a minus 6.3, which was better than the last half-year’s average of minus 7.8.

Similarly, consumers see jobless claim rate to drop over a year. The indicator was a minus 8.6, which was better than the six-years average of minus 9.4.

Be the first to comment

Leave a Reply