Denmark: Business confidence moderates in January
January 30, 2017
The business confidence indicator for manufacturing developed by Statistics Denmark (DST) came in at minus 4 points in January, which was below December’s minus 2 points reading. The index is thus further below the zero-point threshold that separates pessimistic from optimistic sentiment, where it has been since June 2014.
According to DST, manufacturers reported worse business conditions across most components. Employment, new orders and price expectations all worsened in January, while production expectations improved marginally.