Denmark: Business confidence stabilizes in October
October 30, 2015
In October, the business confidence indicator developed by Statistics Denmark (DST) was stable at September’s minus 6 points. The indicator is still resting well below the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, October’s reading came mainly on the back of a decrease in total backlogs and completed inventories. On the other hand, production expectations improved in October.
Author: Dirina Mançellari, Senior Economist