Denmark Consumer Confidence dipped from previous -10.3 to -13 in December - The Stock Market News (2024)

FAQs

Does consumer confidence affect the stock market? ›

Therefore, CCI may increase. Also, there are two separate channels to explain effect of CCI on stock prices. First, we may expect that decline in consumer confidence can decrease consumer spending, simultaneously decreasing firms' profit and stock prices.

After many years of low and stable inflation in Denmark, prices increased sharply at the end of 2021 and throughout most of 2022.

Inflation (HICP annual) is expected to be 2.2 per cent in 2024, 2.6 per cent in 2025 and 1.7 per cent in 2026. Danmarks Nationalbank's new analyses of the Danish economy can be found on Danmarks Nationalbank's website nationalbanken.dk.

Denmark Core Inflation Rate is at 1.50%, compared to 1.60% last month and 7.20% last year. This is lower than the long term average of 1.72%.

If for some reason consumer confidence declines, consumers become less certain about their financial prospects, and they begin to spend less money; this in turn affects businesses as they begin to experience a decrease in sales.

The state of the economy and what's reported in the news help shape consumer confidence. Several factors affecting consumer confidence include changes in house prices, unemployment rates, and inflation.

Denmark supports a high standard of living—its per capita gross national product is among the highest in the world—with well-developed social services. The economy is based primarily on service industries, trade, and manufacturing; only a tiny percentage of the population is engaged in agriculture and fishing.

Two-Speed Economic Growth: Denmark's economy grew 1.9% in 2023, surpassing our and official estimates, with real GDP now 9% higher than pre-pandemic levels. Growth was driven by the robust performance of the pharmaceutical industry, which grew 31% yoy.

Inflation Rate in Denmark averaged 2.89 percent from 1981 until 2024, reaching an all time high of 13.00 percent in June of 1981 and a record low of -0.10 percent in January of 2015. This page provides - Denmark Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

What is the inflation rate in Denmark in January? ›

Inflation rose to 1.2% in January, above December's 0.7%. January's result marked the highest inflation rate since August 2023.

Basic Info. Sweden Inflation Rate is at 2.30%, compared to 2.60% last month and 8.10% last year. This is higher than the long term average of 1.92%.

Smaller base effects from energy

Lower prices from energy is still the main driver of the very low inflation in Denmark. In total, electricity, gas and fuel subtracted more than 2 percentage points to annual inflation.

Consumer Price Index CPI in Denmark remained unchanged at 118.40 points in March. Consumer Price Index CPI in Denmark averaged 78.22 points from 1980 until 2024, reaching an all time high of 118.50 points in July of 2023 and a record low of 33.00 points in January of 1980. source: Statistics Denmark.

Venezuela is the country with the highest inflation in the world, with an increase in consumer prices estimated at 360 percent in 2023, according to the latest figures from the International Monetary Fund (IMF), published in October.

Improving consumer confidence can often lead to greater spending, which can support economic growth. Since the pandemic, however, consumer spending has been mostly healthy even when measures of sentiment were quite low.

Confidence in the stock market can also push up demand and prices for individual stocks. If investors believe that stocks are a good investment, either because valuations are attractive or because the stock market has been trending upwards, an increase in demand for stocks can push up prices across the board.

On the other hand, when investor confidence is low, there may be pressure to sell and a lack of demand, which results in falling stock prices. Investor confidence influences market patterns and affects overall market performance as a psychological component.

An increase in consumption can increase corporate sales and corporate earnings, thus increasing the value of individual stocks. This increase in individual share price valuations could then lead to a market-wide increase in value. This has the potential to create an economic boom. The opposite also holds true.