Denmark: Business confidence at multi-year high in December
January 4, 2017
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 1 point in December, which marked a remarkable improvement from November’s minus 8 points and the best result in over two-and-a-half years. Nonetheless, it is still below the zero-point threshold that separates optimistic from pessimistic sentiment, where it has been since June 2014.
According to DST, the majority of businesses in the non-durable goods sector became optimistic, and while in other sectors of the economy firms remained pessimistic, firms in the capital goods sector became less pessimistic compared to November.