Denmark Business Confidence July 2017

Denmark

Denmark: Business confidence rises further in July

July 28, 2017

The business confidence for manufacturing index, developed by Denmark Statistics (DST), rose further from a revised 3 points in June (previously reported: +2 points) to 5 points in July. July’s print marked the best result since April 2014, and the index remains above the crucial zero-point mark indicating that companies’ sentiment is more optimistic.

Looking at the result in detail showed that July’s reading came on the back of a continued improvement in production expectations. While the order book component also showed an improved, but remains in negative territory, while stocks of finished goods were unchanged from the previous month.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to grow 2.4% in 2017, which is up 0.2 percentage points from last month’s forecast. For 2018, panelists forecast an expansion of 2.9%.


Author:, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence July 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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