Denmark: Business confidence falls in May
May 30, 2016
The business confidence indicator developed by Statistics Denmark (DST) tallied minus 8 points in May, which was lower than the previous month’s minus 6 points and marked the lowest result in six months. The indicator has been under the 0-point threshold, which indicates that pessimists outnumber optimists, since May 2014.
According to DST, May’s reading came mainly on the back of a decrease in order backlogs, which more than offset an increase in production expectations.