According to statistics released by Statistics Denmark, consumer confidence in Denmark increased further in February, hitting its highest level in six months, despite still showing little improvement from the country’s current depressing mood.
From -26.1 in January to -25.1 in February, the consumer confidence indicator increased.
The modest increase in February was primarily attributable to improvements in consumers’ assessments of the current financial situation of their family in comparison to a year ago, as well as expectations of their own financial situation in comparison to today.
The index tracking consumers’ expectations for the nation’s economy in the coming year decreased slightly from -6.3 in January to -6.4 in February while their own expectations for their own financial position increased from -1.2 to -0.3.
Source: RTT News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
