Denmark: Business confidence improves in August
August 31, 2015
In August, the business confidence indicator developed by Statistics Denmark (DST) increased to minus 7 points from July’s minus 11 points. The indicator is still resting well below the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, August’s reading came mainly on the back of a decrease in production expectations. On the other hand, total backlogs improved and completed inventories rose in August.
Author: Dirina Mançellari, Senior Economist