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.
Author: Dirina Mançellari, Senior Economist