Denmark: Business confidence improves
March 27, 2013
In March, the seasonally adjusted manufacturing confidence indicator elaborated by Statistics Denmark (DST) rose to 4 points from the 2 points observed in February. As a result, the index remains above the 0-point threshold that separates optimistic from pessimistic territory for the third consecutive month.
According to DST, order books improved notably over the previous month while production expectations for the next three months rose as well. On the other hand, employment expectations deteriorated somewhat over February.
FocusEconomics Consensus Forecast panellists are less optimistic and expect economic growth to reach 0.8% in 2013, which is down 0.1 percentage points from last month's forecasts. For 2014, panellists expect an expansion of 1.5%.