Denmark Business Confidence February 2016

Denmark

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.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 1.3% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, panelists forecast an expansion of 3.1%.


Author:, Senior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence February 2016

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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