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Danish Consumer Sentiment Improves In January

Danish households were less downbeat about their personal finances and the country's economy in January, data released by Statistics Denmark showed Monday.

The consumer confidence index increased to -7 in January from -9.8 in December, which was lower than -9.2 recorded in October.

Consumers were less downbeat about their current personal finances in January, with the relevant indicator rising to -3 from -3.6 in December, while the gauge of households' expectations of their financial situation in the next year climbed to 7.1 from 4.5.

At the same time, the indicator of consumers' perceptions of Denmark's present economic condition compared to a year earlier increased to -26.2 in January from -27.2 in the previous month. Households were less pessimistic about their expectations for the country's economy in the next year, with the corresponding index rising to -4.9 in January from -11.5 in December.

by RTTNews Staff Writer

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