Denmark Business Confidence March 2017

Denmark

Denmark: Business confidence inches up in March

March 30, 2017

The business confidence indicator for manufacturing developed by Statistics Denmark (DST) came in at minus 1 point in March, which was just above February’s minus 2 points and the highest reading in nearly three years. The index is now only marginally below the zero-point threshold that separates pessimistic from optimistic sentiment, where it has been since June 2014.

According to DST, manufacturers reported an improved backlog of orders but lower production expectations in March compared to February.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to grow 2.7% in 2017, which is up 0.4 percentage points from last month’s forecast. For 2018, panelists forecast an expansion of 2.9%.


Author: Marlène Rump, Senior Data Analyst

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