Denmark Business Confidence January 2016

Denmark

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.

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 January 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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