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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
DenmarkDenmark Consumer Confidence fell to -17.2% in October 2026
FMPMonthlyReleased October 2026
Denmark Consumer Confidence fell to -17.2% in October 2026, down 3.5% from September's -13.7% reading. The reading missed the -14.0% consensus by 3.2%. Consumer Confidence has now declined for 3 consecutive months. Over the past 3 months, Consumer Confidence averaged -13.4%, vs -16.17% in the prior 3-month window. The reading is in the 35th percentile of the trailing 24-month range.
Latest Release
-17.2
Actual
-14
Consensus
-13.7
Previous
Median Absolute Error
±1.42 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -13.28
Actual: -17.2
Error: +3.92
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.60 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.43 | CRYPTO | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.41 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Denmark) was reported at -17.2% in October 2026. This missed the market consensus of -14% by 3.2%. The reading fell from the previous value of -13.7%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -15.68%, ranging from -20.1% to -13.1% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -14.67%, up from the prior three at -16.17%. Volatility over the past year (σ 2.57%) is lower than the prior year (σ 2.88%). In October readings over the past 3 years, Consumer Confidence has averaged -15.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.42%.
WHAT TO WATCH NEXT
The next release is scheduled for November 20, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Consumer Confidence - DK
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About Consumer Confidence — Denmark
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual -17.2 %, consensus -14 %. Prior reading (Sep 2026): -13.7 %. Before that (Aug 2026): -13.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.60) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - DK Events
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 16:00 | DK | Foreign Exchange Reserves | 693.2 | 690 | 689.80 | Low | |