Denmark Consumer Confidence Weakens In October
14 Articles
14 Articles
The consumer confidence index fell 7.7 percent month-on-month in October to 84.8.
Denmark Consumer Confidence Weakens In October
Households in Denmark remained more pessimistic in October, and the confidence level fell to the lowest in five months. The consumer confidence index weakened to -17.2 in October from -13.7 in the previous month. The opinion regarding households' financial situation over the next year turned more negative, with the respective index falling to -5.9 from -3.7 in September.
Consumer confidence declined markedly in October, while households' economic prospects for the current and future period also weakened. TÜIK and TCMB data revealed an increased loss of confidence, especially in the financial situation and general economic outlook headlines.
The consumer confidence index fell by 7.7 percent in October to 84.8. All sub-components of the index, which reached its lowest level in nine months, saw declines. The largest monthly drop was in the assessment of the household's current financial situation.
The consumer confidence index fell 7.7 percent in October to 84.8; households' current financial situation experienced the sharpest decline. Consumer confidence hits its lowest level in nine months. (Medyascope)
The funding crisis had an even harsher impact on the Consumer Confidence Index than the 2008 crisis. For the first time in history, confidence plummeted by 7.7 percentage points, falling to 84.8.
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