Denmark Business Confidence June 2022

Denmark

Denmark: Business confidence records worst reading since September 2020 in June

June 29, 2022

Business sentiment came in at minus 10.0 in June, markedly down from May's minus 4.0. June's result marked the worst reading since September 2020. Consequently, the index moved further below the 0-point threshold, indicating starker pessimism among businesses.

June’s downturn largely reflected a sharp deterioration in sentiment with regard to production expectations. Additionally, firms’ views regarding order backlogs also deteriorated.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 3.2% in 2022, which is up 1.1 percentage points from last month’s forecast, and 2.0% in 2023.


Author:, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence June 2022

Note: Value of seasonally adjusted monthly manufacturing confidence indicator index. The zero-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST).


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