Denmark: Business confidence reaches highest level in nearly two years
January 28, 2016
The business confidence indicator developed by Statistics Denmark (DST) rose to minus 4 points in January, which was up from the minus 7.0 points seen in December. The figure marked the highest reading since May 2014. 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, January’s reading came mainly on the back of an increase in completed inventories and in the confidence indicators for production and stock of orders.
Author: Dirina Mançellari, Senior Economist