Denmark Business Confidence September 2020

Denmark

Denmark: Business confidence decreases further in September

September 29, 2020

Business confidence among firms in the manufacturing sector decreased again in September and reached minus 11, down from August’s minus 10, thus moving further below the 0-point threshold separating pessimism from optimism among businesses.

In brighter news, sentiment in the retail sector shot up to 13, more than doubling the value recorded in the previous month. Moreover, despite remaining in negative territory, sentiment in the construction sector continued to improve, with employment expectations in the sector returning to positive terrain. Similarly, services sector confidence increased again, although it remained in negative territory.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to decrease 6.2% in 2020, which is up 0.1 percentage points from last month’s forecast, before expanding 3.1% in 2021, which is down 0.3 percentage points from last month’s estimate.


Author:, Junior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence September 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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