Denmark Business Confidence October 2020

Denmark

Denmark: Business confidence improves slightly in October

November 3, 2020

Business confidence among firms in the manufacturing sector increased mildly in October to minus 7, from September’s minus 11. As such, sentiment moved closer to the 0-point threshold separating pessimism from optimism. The reading marked the highest print since July.

Meanwhile, sentiment in the retail sector inched down to 11 from September’s 12 while sentiment in the services sector remained unchanged at minus 14. However, sentiment in the construction sector halted its upward trend and decreased slightly to minus 9 in October, from minus 7 in September.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 3.0% in 2021, which is down 0.1 percentage points from last month’s forecast, and 2.8% in 2022.


Author:, Junior Economist

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Denmark Business Confidence October 20 20

Note: Value of s.a. monthly manufacturing confidence indicator index. The zero-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST).


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