Denmark: Business confidence stable in April
April 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) tallied minus 6 points in April, which matched the previous month’s reading. As a result, the indicator remains under the 0-point threshold, which indicates that pessimists outnumber optimists. The indicator has been in negative territory since May 2014.
According to DST, April’s reading came mainly on the back of a decrease in completed inventories and in the confidence indicator for production.
Author: Dirina Mançellari, Senior Economist