Denmark: Business confidence bounces back
January 30, 2013
In January, the seasonally adjusted manufacturing confidence indicator elaborated by Statistics Denmark (DST) rose to 5 points from minus 1 points observed in December. As a result, the index returned above the 0-point threshold that separates optimistic from pessimistic territory and reached, in fact, the strongest level in six months.
According to DST, increased order books and a lower level of stocks drove manufacturers' morale to positive territory in January, as it suggests higher current demand levels. On a negative note, production expectations in the next three months dipped into pessimistic territory.