In the first quarter, GDP expanded 0.3% in seasonally adjusted terms over the previous quarter, following the revised 0.2% decline seen in the fourth quarter (previously reported: +0.2% quarter-on-quarter). The quarterly reading, which defied market expectations of a 0.1% contraction, followed two consecutive contractions, and thus ended a technical recession. On an annual basis, the economy grew 0.2%, below the 0.4% expansion registered in the fourth quarter and in line with market expectations. The expansion in Q1 came on the back of strong domestic demand. Gross fixed investment expanded 2.3% over the previous quarter, contrasting the 0.2% contraction observed in the October-December period. Private consumption, however, increased 0.3% over the previous quarter, well below the strong 1.3% expansion recorded in Q4 2011. The external sector, in contrast, deteriorated notably as imports outpaced exports. Exports of goods and services rose 0.3%, only slightly above the 0.1% expansion recorded in Q4 2011, while imports rose a faster 2.0% in the first quarter (Q4 2011: -1.2% qoq). Consequently, the external sector's net contribution to overall economic growth swung from a 0.7 points contribution in the fourth quarter to a 0.9 points detraction in the first.
Economy rebounds in the first quarter
May 31, 2012
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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.