In the fourth quarter, GDP expanded 0.2% in seasonally adjusted terms over the previous quarter, following the revised 0.1% decline seen in the third quarter (previously reported: -0.5% quarter-on-quarter). The reading matched market expectations, which foresaw GDP rebounding from the third quarter contraction. On an annual basis, the economy grew 0.7%, well above the flat reading registered in the third quarter. For the full year 2011, the economy grew an estimated 1.0%, slower than the 1.3% expansion recorded in 2010. The expansion in Q4 came on the back of stronger domestic demand. Total consumption swung from a 0.8% contraction in the third quarter to a 0.8% expansion in the fourth, driven by a robust 1.3% rise in private consumption. Gross fixed investment, however, contracted 0.6% over the previous quarter, contrasting the 0.9% increase in the July-September period. The external sector also improved somewhat as exports outpaced imports. Exports of goods and services rose 0.4%, equalling the previous quarter's pace, while imports swung from a 1.0% increase in the third quarter to a 1.3% contraction in the fourth.
Economy rebounds in the last quarter of 2011
March 1, 2012
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Denmark Economic News
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.
September 12, 2016
In August, consumer prices fell 0.3% on a monthly basis, which came in below July’s 0.1% decrease.