Denmark Economic Outlook
June 26, 2018Comprehensive data confirmed that the economy lost steam in the first quarter of 2018. Quarter-on-quarter economic growth decelerated, dragged down by a slowdown in private consumption, a contraction in fixed investment and a poor performance by the external sector. Nevertheless, it is worth noting the deceleration largely reflected an unfavorable base effect following strong growth in the previous quarter, rather than a deterioration of the economy’s health. In April, industrial production rebounded after contracting in March and the labor market strengthened further, with the unemployment rate declining. Survey-based data is equally positive: Business sentiment recorded its best reading so far this year in May and consumer confidence reached a multi-year high in June.
Denmark Economic GrowthThe domestic economy is expected to be the main engine of growth this year and next. Low unemployment and higher wages are expected to support an expansion in private consumption, while buoyant activity in the construction sector will propel fixed investment. FocusEconomics panelists expect GDP to increase 1.7% in 2018, unchanged from last month’s estimate. For 2019, the panel projects growth of 1.9%.
Denmark Economy Data
5 years of Denmark economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.33||-1.54 %||Jul 17|
|Exchange Rate||6.39||-0.57 %||Jul 17|
|Stock Market||1,006||-0.39 %||Jul 17|
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Denmark Economic News
July 10, 2018
Consumer prices fell 0.1% month-on-month in June, contrasting May’s 0.2% increase.
June 27, 2018
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector deteriorated in June.
June 11, 2018
Consumer prices rose 0.2% month-on-month in May, coming in below April’s 0.5% increase.
June 7, 2018
According to the business survey conducted by Statistics Denmark, business confidence among firms in the industrial sector improved in May.
May 24, 2018
The consumer confidence index released by Statistics Denmark jumped from 7.1 points in April to 9.3 points in May, a nine-month high.