Denmark: Business confidence reaches seven-year high
January 30, 2014
In January, the business confidence indicator developed by Statistics Denmark (DST) surged from 3.0 points in December to 13.0 points. The increase marked the highest level since January 2007. The indicator rose even higher above the 0-point threshold that indicates that optimists outnumber pessimists.
According to DST, January's reading came on the back of improvements in expectations for production and order books. Conversely, stocks of finished goods marked a deterioration over the previous month.
FocusEconomics Consensus Forecast panelists expect gross fixed investment to reach 2.6% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, panelists forecast an expansion of 3.6%.
Author: Dirina Mançellari, Senior Economist