Denmark Business Confidence September 2017

Denmark

Denmark: Business confidence remains at neutral point in September

September 28, 2017

For the second consecutive month, Danish manufacturers’ confidence came in at the neutral zero-point mark in September, according to the Business Survey released by Denmark Statistics (DST). The reading indicates that manufacturers are neither optimistic nor pessimistic about the future. Although the September print is still above the long-term average of minus 1.3 points since the survey began in 2005, the result is the joint-lowest in three months.

The neutral outlook came on the back of a less optimistic view of production expectations and the stock of finished goods, while the outlook regarding order books remained steady at August’s pessimistic view.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to grow 1.6% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists forecast an expansion of 3.1%.


Author:, Economist

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Denmark Business Confidence September 2017

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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