Denmark: Business confidence stabilizes in December
January 4, 2018
According to the business survey conducted by Statistics Denmark, business confidence stabilized in December at three points, matching November’s revised reading (previously reported: +2 points). Given that the result remains above the zero-point threshold, it signals that manufacturers continued to be optimistic about future economic prospects.
Looking at a breakdown of the components, the outlook on production brightened, which more than offset a deterioration in perceptions regarding order books. Views on stocks of finished goods were unchanged from November.
Author: Nihad Ahmed, Economist