Denmark Business Confidence October 2016

Denmark

Denmark: Business confidence weakens further in October

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.


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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)


Denmark Economic News

  • Denmark: Business confidence remains low in November

    November 29, 2016

    The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in November, which marked a slight improvement from October’s minus 9 points, although it is still below the zero-point threshold that separates optimistic from pessimistic sentiment.

    Read more

  • Denmark: Consumers become even more pessimistic in November

    November 22, 2016

    The mood among Danish consumers became more pessimistic in November, when the consumer confidence indicator produced by Statistics Denmark (DST) slipped further from October’s multi-year low of 1.2 points to 0.9 points. November’s gloomy reading reflected consumers’ poorer assessment of the economy in the last twelve months and a more downbeat outlook for the general economy in the next year.

    Read more

  • Denmark: Inflation climbs up in October

    November 10, 2016

    In October, consumer prices in Denmark edged up 0.2% on a monthly basis, which came in above September’s flat reading.

    Read more

  • Denmark: Consumer confidence deteriorates in October to over three-year low

    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.

    Read more

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