Denmark Business Confidence May 2016

Denmark

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.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 1.7% in 2016, which is unchanged from last month’s forecast. For 2017, panelists forecast an expansion of 2.6%.


Author: Marlène Rump, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence May 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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