Denmark Business Confidence July 2021

Denmark

Denmark: Business confidence hits four-year high in July

July 29, 2021

Business confidence among firms in the manufacturing sector improved in July, with sentiment coming in at 6, above June's reading of 4. July's result marked the strongest sentiment in four years. As such, the index moved further above the 0-point threshold, indicating optimism among businesses for the fifth consecutive month.

Meanwhile, sentiment in the services and in the construction, sectors also improved in July. That said, confidence among firms in the retail sector turned less optimistic than in June.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 3.5% in 2021, which is up 0.4 percentage points from last month’s forecast, and 3.7% in 2022.


Author:, Junior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence July 2021

Note: Value of seasonally adjusted monthly manufacturing confidence indicator index. The zero-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST).


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