Denmark Business Confidence

Denmark

Denmark: Business confidence improves in April

April 29, 2015

In April, the business confidence indicator developed by Statistics Denmark (DST) rose to minus 11 points from March’s minus 16 points. The indicator is still resting well below the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, April’s reading came on the back of an increase in production expectations and an improvement in total backlog. On the other hand, completed inventories inched down in April.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.5% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, panelists forecast an expansion of 3.4%.


Author:, Senior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence April 2015

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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