Danish Confidence Plunges to 3-Year Low as Outlook Worsens

(Bloomberg) --

Confidence levels among Danish consumers have descended for a second month in a row, landing at a near three-year low this month as the economic outlook continues to worsen.

An index measuring sentiment came in at 1.7, down from 4.3 in September, Copenhagen-based Statistics Denmark said on Wednesday.

The agency said Danes were mostly worried about the financial prospects of the country. With unemployment expected to rise, consumers were mostly negative when asked whether now was the time to buy a new television or a washing machine.

According to Bo Sandberg, an economist at the Danish Construction Association, consumers are likely more pessimistic due to an increasingly uncertain international backdrop.

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