Denmark: Business confidence remains low in November
November 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in November, which marked a slight improvement from October’s minus 9 points, although it is still below the zero-point threshold that separates optimistic from pessimistic sentiment. The indicator has remained below zero since June 2014.
According to DST, the majority of businesses in all sectors of the economy remained pessimistic. Compared to October, producers in the consumer durables and intermediate goods sectors became more optimistic, while producers in the capital goods and non-durable goods sectors grew more pessimistic.
Author: Oliver Reynolds, Economist