Denmark: Business confidence swings up in June
June 29, 2017
The business confidence for manufacturing, developed by the Denmarks Statistik (DST), swung up from minus 6 points in May (previously reported: minus 5 points) to 2 points in June, marking the best result since May 2014. Therefore, the index now sits above the zero-point threshold that separates pessimistic from optimistic sentiment.
According to DST, June’s result came on the back of a significant improvement in production expectations, which more than offset a less optimistic view on stocks of finished goods.
Author: Jan Lammersen, Economist