Denmark Business Confidence

Denmark

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:, Senior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence December 2013

Note: Value of s.a. monthly manufacturing confidence indicator index.
Source: Statistics Denmark (DST).


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