Denmark Business Confidence October 2021

Denmark

Denmark: Business confidence hits over seven-year high in October

October 28, 2021

Business confidence jumped to a 91-month high of 10.0 in October, up from September’s 3.0. Consequently, the index moved further above the 0-point threshold, separating optimism from pessimism among businesses.

The upturn was largely due to firms’ markedly more optimistic views regarding production expectations, while they turned less sour regarding order backlogs. Meanwhile, sentiment in the construction and services sectors was unchanged in October at September’s optimistic levels, while sentiment in the retail sector turned less pessimistic.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 3.5% in 2022, which is unchanged from last month’s forecast, and 2.3% in 2023.


Author:, Junior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence October 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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