Denmark Economic Outlook
September 26, 2017In the second quarter, the Danish economy grew at the same pace as in the prior quarter and a notch above market expectations. The modest performance was supported by a rebound in fixed investment growth that offset a slowdown in government consumption growth, while private consumption recorded a flat reading in quarterly terms. Moreover, the slowdown in household spending is likely to have carried over into the third quarter of the year as retail sales in July inched down for a second consecutive month. Consumer confidence also continued its downward trajectory in September despite strong labor market dynamics. Business confidence, similarly, fell to the neutral zero-point mark in August from July’s three-year high—a seeming erosion of firms’ assuredness that had propelled fixed investment growth only a quarter earlier.
Denmark Economy Data
5 years of Denmark economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.49||-7.08 %||Oct 16|
|Exchange Rate||6.31||0.21 %||Oct 16|
|Stock Market||1,038||1.15 %||Oct 16|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Denmark Economic Growth
September 26, 2017Private consumption and fixed investment are expected to buttress the economy this year and next, despite the recent slowdown in the pace of growth. Household spending is likely to benefit from declining unemployment and a tight labor market. The latter, creating labor shortages, could drag on growth but the government is expected to address labor market issues through new tax reforms. Panelists expect GDP to expand 2.1% in 2017 and 1.8% in 2018, up 0.1 percentage points from last month.
Denmark Economic News
September 28, 2017
For the second consecutive month, Danish manufacturers’ confidence came in at the neutral zero-point mark in September, according to the Business Survey released by Denmark Statistics (DST).
September 21, 2017
The consumer confidence index released by Statistics Denmark recorded a second consecutive monthly decline in September, coming at 7.3 points and down from 7.6 points in August.
September 11, 2017
Consumer prices fell 0.3% in August in monthly terms, contrasting the previous month’s 0.8% increase and marking the lowest level in a year.
August 31, 2017
The Danish economy clocked another solid performance in the second quarter of this year, growing at the same quarter-on-quarter pace of 0.6% seen in the first quarter.
August 30, 2017
Business confidence among Danish manufactures decreased to the neutral zero-point mark in August, indicating that manufacturers are neither optimistic nor pessimistic about the future, after two months of increasing optimism (July: +6.0 points month-on-month).