Denmark Business Confidence June 2020

Denmark

Denmark: Business confidence among manufacturing firms improves in June

June 29, 2020

Business confidence among firms in the manufacturing sector rose to minus 16 in June from May's minus 26 on the back of improved sentiment regarding production. However, the index remained below the 0-point threshold separating pessimism from optimism.

Sentiment in the construction, services and retail sectors also improved markedly in June amid the lifting of domestic lockdown measures. This should support investment heading into the second half of the year.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to decrease 7.0% in 2020, which is up 0.2 percentage points from last month’s forecast, before expanding 3.0% in 2021.


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Denmark Business Confidence June 20 20

Note: Value of s.a. monthly manufacturing confidence indicator index. The zero-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST).


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