Consumer confidence in Denmark January 2023

Shopper sentiment got here in at minus 26.1 in January, up from minus 28.9 within the earlier month. The index thus approached the 0-point threshold, however remained effectively beneath it, which signifies a barely weaker pessimism amongst Danish shoppers in comparison with the earlier month.

Wanting on the particulars of the discharge, January’s rebound was pushed by bettering client assessments of their present monetary state of affairs each year-on-year and over the subsequent 12 months, though each remained bearish. As well as, shoppers have turn out to be much less pessimistic concerning the present state of the nation’s economic system in comparison with the previous 12 months and the yr forward.

Focus Economics Consensus Forecast panellists count on personal consumption to put up flat development in 2023, down 0.3 proportion factors from final month’s forecast, and to increase 1.9% in 2024.