Consumer Opinion Surveys: Composite Consumer Confidence for Denmark
CSCICP02DKM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-13.40
Year-over-Year Change
396.30%
Date Range
1/1/1974 - 6/1/2025
Summary
The Consumer Confidence Index for Denmark measures consumer sentiment and expectations, providing insights into the economic outlook of Danish households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Danish Consumer Confidence Index is a leading economic indicator that reflects consumers' perceptions of their financial situation, the general economic condition, and their willingness to make major purchases. It is a key gauge of consumer sentiment and can signal future trends in consumer spending.
Methodology
The index is calculated based on survey responses from a representative sample of Danish consumers.
Historical Context
The Consumer Confidence Index is closely watched by policymakers and analysts to assess the health of the Danish economy.
Key Facts
- The index ranges from 0 to 200, with 100 being the neutral level.
- Consumer confidence in Denmark reached a record high of 124.3 in May 2022.
- The index is published monthly by Statistics Denmark.
FAQs
Q: What does this economic trend measure?
A: The Consumer Confidence Index for Denmark measures the sentiment and expectations of Danish consumers regarding their personal financial situation, the overall economic condition, and their willingness to make major purchases.
Q: Why is this trend relevant for users or analysts?
A: The Danish Consumer Confidence Index is a leading indicator of consumer spending and economic activity, providing valuable insights for policymakers, businesses, and investors in assessing the health and future direction of the Danish economy.
Q: How is this data collected or calculated?
A: The index is calculated based on survey responses from a representative sample of Danish consumers.
Q: How is this trend used in economic policy?
A: The Consumer Confidence Index is closely monitored by the Danish government and central bank to gauge consumer sentiment and predict future trends in consumer spending, which is a significant driver of economic growth.
Q: Are there update delays or limitations?
A: The Consumer Confidence Index for Denmark is published monthly by Statistics Denmark, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Opinion Surveys: Composite Consumer Confidence for Denmark (CSCICP02DKM460S), retrieved from FRED.