Denmark: Business confidence falls to three month low in November
November 27, 2015
The business confidence indicator developed by Statistics Denmark (DST) fell to minus 7 points in November, following October’s reading of minus 5 points (previously reported: minus 6 points). The indicator has consistently registered readings under the 0-point threshold, which indicates that pessimists outnumber optimists, since May 2014.
According to DST, November’s reading came mainly on the back of a decrease in the confidence indicators for production and stock of orders.
Author: Dirina Mançellari, Senior Economist