Denmark: Business confidence drops in February
February 26, 2016
The business confidence indicator developed by Statistics Denmark (DST) fell to minus 7 points in February, which was down from the minus 4 points seen in January. January’s figure had marked the highest reading since May 2014. The indicator remains under the 0-point threshold, which indicates that pessimists outnumber optimists. The indicator has been in negative territory since May 2014.
According to DST, February’s reading came mainly on the back of a decrease in completed inventories and in the confidence indicator for production.
Author: Dirina Mançellari, Senior Economist