Denmark: Business confidence improves in March
March 28, 2014
In March, the business confidence indicator developed by Statistics Denmark (DST) rose from February's 7 points to 12 points. The indicator is now even higher above the 0-point threshold, which indicates that optimists outnumber pessimists. According to DST, March's reading came on the back of an improvement in production expectations as well as in stocks of finished goods. FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.6% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, panelists forecast an expansion of 3.6%.
Author: Dirina Mançellari, Senior Economist