Danish Consumer Outlook Worsens for First Time in 10 Months
- 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/BloombergThis article is for subscribers only.
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.