Denmark Business Confidence March 2016

Denmark

Denmark: Business confidence increases in March

March 30, 2016

The business confidence indicator developed by Statistics Denmark (DST) increased to minus 5 points in March, which was up from the minus 7 points seen in February. Despite the increase, the indicator remains under the 0-point threshold, which indicates that pessimists outnumber optimists. The indicator has been in negative territory since May 2014.

According to DST, March’s reading came mainly on the back of a decrease in completed inventories and in the confidence indicator for production.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 1.3% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, panelists forecast an expansion of 3.1%.


Author:, Senior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence March 2016

Note: Value of s.a. monthly manufacturing confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST)


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