Denmark Economic Outlook
March 26, 2019
The Danish economy appears to be slowing in the first quarter of the year. Business confidence in the industrial sector continued its downward trend in February, and although the manufacturing PMI recovered in the same month—spurred by a surge in employment and robust production—the average of the quarter remains below that seen in Q4. Moreover, subdued consumer confidence throughout the quarter could suggest weaker household spending, despite a vibrant labor market and sustained wage growth. On a brighter note, merchandise exports rebounded in January from December’s fall. The less upbeat narrative so far in Q1 comes on the heels of the fourth quarter’s solid turnout which was driven by a recovery in household consumption and a positive contribution by the external sector.Denmark Economic Growth
The economy is projected to strengthen this year, powered by the external sector, in part thanks to a low base effect. Moreover, a buoyant labor market and wage gains should keep household spending healthy. However, external downside risks related to ongoing trade tensions, a global economic slowdown and a possible hard Brexit all threaten export prospects. FocusEconomics analysts expect growth of 1.8% in 2019, which is unchanged from last month’s forecast, and 1.6% in 2020.Denmark Economy Data
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Denmark Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.18 | -1.54 % | Apr 22 |
| Exchange Rate | 6.63 | -0.57 % | Apr 22 |
| Stock Market | 1,006 | -0.39 % | Apr 17 |
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Denmark Economic News
Denmark: Consumer confidence softens in April
April 22, 2019
Consumer confidence moderated in April, with the consumer confidence index released by Statistics Denmark ticking down to 3.7 points from 3.8 points in March.
Denmark: Inflation picks up in March
April 10, 2019
According to Statistics Denmark, consumer prices increased 0.1% in March over the prior month, down from the 0.5% rise registered in February.
Denmark: Third estimate sees minor upward revision to Q4 GDP print; 2018 growth upgraded notably
March 29, 2019
According to a third estimate released by Statistics Denmark on 29 March, the economy grew a revised 0.8% in seasonally adjusted quarterly terms in the fourth quarter of 2018 (previously reported: +0.7% qoqsa), accelerating from Q3’s 0.4% growth.
Denmark: Business sentiment remains mired in pessimistic territory in March
March 28, 2019
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector inched up to minus 5 points in March from minus 6 points in February, remaining below the critical zero-point threshold that separates optimism from pessimism in the sector.
Denmark: Consumer confidence strengthens slightly in March
March 21, 2019
Consumer confidence regained some ground in March, with the consumer confidence index released by Statistics Denmark rose to 3.8 points in March from 3.3 points in February.
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