Denmark: Business confidence falls to neutral territory in August
August 30, 2017
Business confidence among Danish manufactures decreased to the neutral zero-point mark in August, indicating that manufacturers are neither optimistic nor pessimistic about the future, after two months of increasing optimism (July: +6.0 points month-on-month). August’s print is the lowest in two months but still above the long-term average of minus 1.3 points since the survey began in 2005.
A more detailed examination of the data showed that August’s reading was chiefly driven by a deterioration from the previous month in production expectations, which offset a more optimistic view of the stock of finished goods. The order books component was steady at last month’s pessimistic view.
Author: Jan Lammersen, Economist