Denmark Business Confidence June 2017

Denmark

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.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to grow 2.2% in 2017, which is down 1.1 percentage points from last month’s forecast. For 2018, panelists forecast an expansion of 3.1%.


Author:, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence June 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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