Denmark: Business confidence deteriorates further in July
July 30, 2015
In July, the business confidence indicator developed by Statistics Denmark (DST) fell to minus 11 points from June’s revised minus 8 points (previously estimated: -9 points). The indicator is resting further below the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, July’s reading came mainly on the back of a decrease in total backlogs. On the other hand, completed inventories and production expectations improved in July.
Author: Dirina Mançellari, Senior Economist