August 25, 2023
According to Statistics Denmark data released on Wednesday, consumer pessimism among Danish consumers grew in August for the first time in five months, mostly as a result of a decrease in expectations for the family’s and the country’s overall future economic situation.
In August, the consumer confidence index fell from -10.1 in July to -10.9.
August consumer perceptions of the nation’s overall economic outlook for the next 12 months were still favorable, albeit they decreased to 2.4 from 4.6.
They also saw a decline in their personal financial circumstances over the next year, from 3.6 in August to 2.0 in August.
Based on the study, households anticipate a slower rate of price increases over the next 12 months, along with an increase in the unemployment rate.
Source: Statistics Denmark
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