FX.co ★ Danish Consumer Confidence Nears 2-Year Low

Denmark's consumer confidence index declined to -15.5 in March 2025, down from -14.5 the previous month. This is the lowest level recorded since April 2023. The downturn in confidence is largely attributed to growing pessimism regarding families' financial situations compared to a year ago, with the index falling to -8 from -5.2 in February. Simultaneously, there is increased concern about the economic outlook for the coming year, with the index sliding to -30.8 from -29.3. Furthermore, consumers are showing heightened hesitancy towards purchasing major consumer goods, falling to -15.1 from -12.6. In areas not included in the confidence index, projections for unemployment are expected to rise over the next twelve months, increasing to 17.1 from 16.2. Additionally, expectations for price developments in the coming year have risen sharply to 42.8 from 37.