Denmark Business Confidence May 2017


Denmark: Business confidence back in negative territory in May

May 30, 2017

The business confidence indicator for manufacturing developed by Statistics Denmark (DST) came in at minus 5 points in May, which contrasted April’s plus 1 point. The index is now back below the zero-point threshold that separates pessimistic from optimistic sentiment.

According to DST, manufacturers reported an increased backlog of orders and lower production expectations in May compared to April.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to grow 2.7% in 2017, which is up 0.4 percentage points from last month’s forecast. For 2018, panelists forecast an expansion of 2.9%.

Author: Marlène Rump, Senior Data Analyst

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