Denmark Business Confidence August 2022


Denmark: Business confidence improves but remains in negative territory in August

August 30, 2022

Business sentiment came in at a four-month high of minus 1.0 in August, up notably from July's minus 9.0. Despite the improvement, the index remained below the 0-point threshold, indicating sustained pessimism among businesses.

August’s uptick came on the back of an improvement in firms' views with regards to production—which became positive. Moreover, businesses had less pessimistic views regarding order backlogs.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 3.2% in 2022, which is up 1.1 percentage points from last month’s forecast, and 2.0% in 2023.

Author:, Economist

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Denmark Business Confidence Chart

Denmark Business Confidence August 2022

Note: Value of seasonally adjusted monthly manufacturing confidence indicator index. The zero-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST).

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