Denmark Business Confidence August 2021

Denmark

Denmark: Business confidence cools in August but remains optimistic

August 30, 2021

Business confidence fell to a four-month low of 3.0 in August from July's over seven-year high of 7.0. As a result, the index remained above the 0-point threshold, separating optimism from pessimism among businesses.

Sentiment among firms in the services sector was unchanged from July’s solid optimism, while confidence in the construction sector turned optimistic for the first time in four months. That said, firms’ sentiment in the retail sector eased in August.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 4.0% in 2021, which is up 0.5 percentage points from last month’s forecast, and 3.4% in 2022.


Author:, Junior Economist

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Denmark Business Confidence August 2021

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


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