Denmark: Business confidence plunges in August
August 30, 2012
In August, the seasonally adjusted manufacturing confidence indicator elaborated by Statistics Denmark (DST) fell to 0 points from 5 points in July. The reading represents the lowest value recorded since May. Furthermore, with the monthly drop, the index hit the threshold dividing optimistic from pessimistic outlook amongst manufacturers for the next three months. According to DST, August's drop in business sentiment was driven by a notable deterioration in manufacturers' production expectations for the next three months.