Denmark Business Confidence August 2017

Denmark

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.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to grow 1.7% in 2017, which is down 0.7 percentage points from last month’s forecast. For 2018, panelists forecast an expansion of 2.6%.


Author:, Economist

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Denmark Business Confidence August 2017

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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