Denmark Business Confidence February 2021

Denmark

Denmark: Business confidence drops in February

February 25, 2021

Business confidence among firms in the manufacturing sector continued to drop, with sentiment falling to a three-month low of minus 4 in February from January's minus 3. As a result, the index moved further away from the 0-point threshold, indicating pessimism among businesses.

Moreover, firms’ sentiment in both the construction and the services sectors inched down one point falling to minus 6 and minus 12, respectively. Meanwhile, businesses in the retail sector became much more pessimistic, with confidence decreasing to minus 11 in February from minus 1 the month prior, largely due to more pessimistic expectations regarding future revenue.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 2.6% in 2021, which is up 0.2 percentage points from last month’s forecast, and 3.7% in 2022.


Author:, Junior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence February 2021

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


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