Denmark Business Confidence October 2016

Denmark

Denmark: Business confidence weakens further in October

October 28, 2016

The business confidence indicator developed by Statistics Denmark (DST) came in at minus 9 points in October, which marked a deterioration from September’s minus 8 points. Since June 2014, the indicator has remained under the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, October’s setback reflected worsening sentiment among producers of all goods categories, with producers of durable goods reporting the sharpest deterioration.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 1.6% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, panelists forecast an expansion of 2.5%, which is up 0.3 percentage points from last month’s estimate.


Author: Marlène Rump, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence October 2016

Note: Value of s.a. monthly manufacturing confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST)


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