Denmark Business Confidence

Denmark

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.

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:, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence March 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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