Current Account in Denmark
Denmark - Current AccountThe economy was set back at the outset of 2022, with GDP recording a marginal decline in sequential terms. The slowdown was largely attributable to sharp moderations in government spending and private consumption, due to a statistical effect and rising price pressures. That said, the scrapping of Covid-19 restrictions towards the end of Q1 should have supported activity somewhat. Moving to the second quarter, momentum is seemingly further being dampened by constrained household spending. Inflation hit its highest value in nearly four decades in April, while consumer sentiment tumbled to its lowest levels on record in April and May due to heightened global uncertainty. That said, the ongoing tightening of the labor market through March should be providing some support. In politics, in early May a cabinet reshuffle took place for the second time since the government took office in 2019.
Denmark - Current Account Data
|Current Account (% of GDP)||8.3||7.7||7.7||7.0||7.6|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Current Account Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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August 8, 2022
Manufacturing output expanded 1.1% in month-on-month seasonally-adjusted terms in June, which was a deterioration from May's 3.1% increase.
July 28, 2022
Business sentiment came in at minus 9.0 in July, matching June's reading.
July 20, 2022
Consumer sentiment came in at minus 25.6 in July, down from June's minus 24.8.
July 11, 2022
Consumer prices increased a seasonally-adjusted 0.80% over the previous month in June, below May's 0.90% increase.
July 7, 2022
Manufacturing output grew 2.8% in month-on-month seasonally-adjusted terms in May, which was above April's 0.1% increase.