Danish Consumer Outlook Worsens for First Time in 10 Months

08/23/2023 15:39
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Danish Consumer Outlook Worsens for First Time in 10 Months

Danish consumer sentiment worsened for the first time in 10 months as accelerating inflation makes Danes more pessimistic about the outlook for the economy and their personal finances.

  • Expectations for own finances and the Danish economy soured
  • Consumers are worried about higher inflation, Nykredit says

Shoppers walk through the Kobmagergade pedestrianized retail street in Copenhagen, Denmark.

Photographer: Carsten Snejbjerg/Bloomberg

Danish consumer sentiment worsened for the first time in 10 months as accelerating inflation makes Danes more pessimistic about the outlook for the economy and their personal finances.

The consumer confidence index declined to minus 10.9 in August, from a negative 10.1 in the previous month, Statistics Denmark said on Wednesday. The measure was mainly pulled down by worse expectations for households and the overall economy one year from now.

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Danish Consumer Outlook Worsens for First Time in 10 Months

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