The National Bank of Denmark has published its first statistics from its monthly Expectations Survey, with September 2026 results showing that Danish residents expect median nominal income growth of 2.2% over the next 12 months. The median has remained relatively stable since the survey began in October 2024, although expectations vary considerably among respondents. The figures reflect residents’ expectations, not the central bank’s forecast. Age differences are pronounced. Since October 2024, median expected income growth among residents aged 18-39 has fluctuated between approximately 3% and 4.5%, compared with around 2% among those aged 40-59. Residents aged 60 and above generally expect the lowest growth and have anticipated income declines during some periods. These differences partly reflect how wage growth varies over working life. Five new statistical tables are now available in the bank’s StatBank, covering expectations for income, inflation, interest rates, consumption and house prices. Each provides aggregate results and breakdowns by age, income, gender and region, created by linking survey responses with Statistics Denmark register data. Further releases will introduce the remaining tables before the end of 2026.
National Bank of Denmark publishes first expectations survey statistics showing median expected income growth of 2.2%
The National Bank of Denmark has published its first Expectations Survey statistics, showing median expected nominal income growth of 2.2% over the next 12 months in September 2026. Expectations have remained relatively stable overall since October 2024, with younger residents generally anticipating higher income growth than older groups. Five new tables are available in StatBank, with further releases introducing the remaining tables before the end of 2026.