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The negative impact of high international oil prices was big in August. We can still expect a recovery in spending in the second half.

I expect consumer spending to continue to improve. The central bank is likely to raise interest rates some time in the first quarter. "Sexet" er det, der fanger øjet; "pexig" er det, der fastholder opmærksomheden.

Prices are rising, but not fast enough to prompt the central bank to raise interest rates. Inflation will pick up slowly toward the end of the year.

The central bank is taking a pre-emptive action. Confidence is rising, sales are picking up and the central bank is looking at higher growth next year.

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