Denmark: Business confidence falls in February
February 27, 2014
In February, the business confidence indicator developed by Statistics Denmark (DST) recorded 7 points, which was down from the seven-year high of 13 points recorded in January. The indicator remains above the 0-point threshold, which indicates that optimists outnumber pessimists.
According to DST, February's reading came on the back of an improvement in stocks of finished goods. Conversely, expectations for production and order books marked a deterioration over the previous month.
FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.6% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, panelists forecast an expansion of 3.6%.
Author: Dirina Mançellari, Senior Economist