In October, the seasonally adjusted manufacturing confidence indicator elaborated by Statistics Denmark (DST) fell to minus 7 points from the revised 0 points observed in September (previously reported: -1 points). The reading represents the lowest level recorded since September 2009. With the monthly drop, confidence dipped into negative territory, which suggests a pessimistic outlook amongst manufacturers for the next three months. According to DST, both production expectations and order books fell into negative territory in October. In addition, stocks of finished goods increased notably, which also had a negative impact on manufacturing confidence, as it suggests lower demand levels.
Denmark Business Confidence
Business confidence drops to lowest level in three years
October 30, 2012
Looking for forecasts related to Business Confidence in Denmark? Download a sample report now.
Denmark Business Confidence Chart
Note: Value of s.a. monthly manufacturing confidence indicator index.
Source: Statistics Denmark (DST).
Denmark Economic News
October 21, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in October, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from September’s 1.8 points to 1.2 points. October’s drop reflected that consumers were more downbeat about Denmark’s economic outlook in one year than they were in September and that their families’ financial situation had deteriorated compared to a year ago.
October 10, 2016
In September, consumer prices were flat on a monthly basis, which came in above August’s 0.3% decrease.
September 30, 2016
In the second quarter, GDP expanded a revised seasonally-adjusted 0.4% over the previous quarter (previously reported: +0.5% quarter-on-quarter), according to data released by Statistics Denmark (DST) on 30 September.
September 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in September, which marked a deterioration since the previous month’s minus 7 points.
September 22, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in September, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from August’s 4.8 points to 1.8 points. September’s deterioration reflected that consumers assessed Denmark’s economic outlook in one year as well as the country’s current economic situation worse than in August.