Consumer Confidence Diverges in Denmark and Türkiye

Consumer confidence trends diverged across Europe and Asia in September, with Statistics Denmark reporting a decline in household optimism while Turkish authorities noted a significant rise.

In Denmark, the consumer confidence index fell to -13.7 from an August high of -13.1. Households grew more pessimistic about their financial situations over the next year, with that index dropping to -3.7 from 0.4. Although the general economic outlook improved slightly to -19.2, Danish consumers continue to expect rising unemployment and increasing prices.

Conversely, the Turkish Statistical Institute and the Central Bank of the Republic of Türkiye reported that Türkiye's consumer confidence index rose 1.3% to 91.9, the highest level since July 2018. While the overall index remains below the 100-point optimism threshold, households showed improved expectations for the general economy and their own financial situations over the next 12 months. Turkish consumers also demonstrated a higher willingness to purchase durable goods, though the index for current financial situations saw a marginal decline to 75.3.