Denmark: Business confidence rises in October

According to the business survey conducted by Denmark Statistics, Danish manufacturers’ confidence edged up to two points in October after remaining at the zero-point threshold for two months running. October’s print signifies that manufacturers are optimistic about economic prospects, after taking a neutral position in September and August.

The upturn in business confidence in October was driven by increased optimism over production expectations and stocks of finished goods, which offset more pessimistic attitudes regarding order books compared to September.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 3.1% in 2018, which is unchanged from last month’s forecast. For 2019, panelists forecast an expansion of 2.8%.