Denmark Business Confidence

Denmark

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:, Senior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence February 2014

Note: Value of s.a. monthly manufacturing confidence indicator index.
Source: Statistics Denmark (DST).


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