Denmark: Business confidence deteriorates in March
March 30, 2015
In March, the business confidence indicator developed by Statistics Denmark (DST) fell to minus 16 points from February’s minus 13 points. The indicator is resting well below the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, March’s reading came on the back of a moderation in production expectations and a big jump in completed inventories, which signal diminished activity in the months to come. Moreover, total backlogs remained in negative territory in March compared to the previous month.
Author: Carl Kelly, Economist