Denmark Business Confidence December 2020


Denmark: Business confidence improves notably in December

January 6, 2021

Business confidence among firms in the manufacturing sector came in at minus 2 in December, notably up from November’s minus 9 (previously reported: minus 10). As a result, the index climbed up close to the 0-point threshold which separates optimism from pessimism among businesses. December’s reading marked the best print in over a year and a half.

Meanwhile, confidence in other sectors continued to improve: Sentiment among firms in the construction sector increased to minus 5 in December from minus 7 in November, and in the services sector, it improved to minus 8 from minus 13, although they both remained in pessimistic territory. Moreover, sentiment in the retail sector grew to 10 in December from 7 in November, moving further into optimistic territory.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 2.4% in 2021, which is up 0.1 percentage points from last month’s forecast, and 3.4% in 2022.

Author:, Junior Economist

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Denmark Business Confidence Chart

Denmark Business Confidence December 20 20

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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