Denmark Business Confidence


Denmark: Business confidence deteriorates in June

June 29, 2015

In June, the business confidence indicator developed by Statistics Denmark (DST) fell to minus 9 points from May’s revised minus 7 points (previously estimated: -6 points). The indicator is still resting well below the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, June’s reading came mainly on the back of a decrease in production expectations. On the other hand, total backlogs improved and completed inventories rose in June.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.5% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, panelists forecast an expansion of 3.4%.

Author:, Senior Economist

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Denmark Business Confidence Chart

Denmark Business Confidence June 2015

Note: Value of s.a. monthly manufacturing confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST)

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