In November, the seasonally adjusted manufacturing confidence indicator elaborated by Statistics Denmark (DST) rose to 2 points from the revised minus 6 points observed in October (previously reported: -7 points), which had marked lowest level recorded since September 2009. With the monthly improvement, confidence bounced to positive territory, suggesting an optimistic outlook amongst manufacturers for the next three months. According to DST, both production expectations and order books improved in November. In addition, stocks of finished goods fell notably, which also had a positive impact on manufacturing confidence, as it suggests higher demand levels.
Denmark Business Confidence
Business confidence rebounds in November
November 29, 2012
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Denmark Business Confidence Chart
Note: Value of s.a. monthly manufacturing confidence indicator index.
Source: Statistics Denmark (DST).
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.