Denmark Economic Outlook
August 27, 2019
Economic growth gained traction in the second quarter according to a flash GDP report. A strong industrial sector and resilient external sector, despite a more challenging global environment and broader slowdown in Europe, led the acceleration. Moreover, household spending should have continued to rise, supported by a relatively healthy labor market and low inflation. Turning to the third quarter, however, available data suggests the economy may be losing some steam. The manufacturing PMI remained mired in contractionary territory in July, although improved from June thanks to a pick-up in new orders. That said, consumer confidence rebounded in August after falling in July, which bodes well for private consumption in Q3.Denmark Economic Growth
The outlook for 2019 remains favorable. A tighter labor market and historically low interest rates should support private consumption, while sustained momentum in the external sector, powered by a strong pharmaceutical industry, should also buttress growth. However, a global downturn and a no-deal Brexit are serious downside risks to growth for the trade-reliant economy. FocusEconomics analysts expect growth of 1.7% in 2019, which is unchanged from last month’s forecast, and 1.5% in 2020.Denmark Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Denmark Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.64 | -1.54 % | Sep 04 |
| Exchange Rate | 6.76 | -0.57 % | Sep 04 |
| Stock Market | 1,052 | -0.39 % | Sep 04 |
Request a 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 News
Denmark: Inflation stable in August, prices pressures remain muted
September 10, 2019
Consumer prices dipped 0.4% in month-on-month terms in August, contrasting July’s 0.6% rise.
Denmark: Business sentiment in the industrial sector grows less pessimistic in August
August 29, 2019
Business confidence among firms in the industrial sector increased to minus five points in August from minus seven points in July, according to a survey conducted by Denmark’s Statistical Institute, due to an improvement in output expectations.
Denmark: Consumer confidence improves in August
August 22, 2019
The consumer confidence index released by Statistics Denmark rose to 6.3 in August from 2.9 in July.
Denmark: Flash estimate shows economic growth revved up in second quarter
August 14, 2019
According to Statistics Denmark’s preliminary GDP estimate which is based on production data, the economy grew 0.8% in seasonally-adjusted quarter-on-quarter terms in Q2 2019, accelerating from the 0.1% expansion registered in the first quarter.
Denmark: Inflation softens in July to near three-year low
August 12, 2019
Consumer prices rose 0.6% in month-on-month terms in June, contrasting the 0.2% decline logged in June.
© Copyright: 2019 | Denmark Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
