Denmark Business Confidence December 2017


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.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 3.9% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, panelists forecast an expansion of 3.3%.


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Denmark Business Confidence Chart

Denmark Business Confidence December 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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