Denmark: Business confidence unchanged in August
August 29, 2013
In August, the seasonally adjusted manufacturing confidence indicator developed by Statistics Denmark (DST) was stable at minus 2 points, matching the result from July. The index remains just below the 0-point threshold that separates pessimistic from optimistic territory.
According to DST, expectations regarding stocks of finished goods and order backlog improved the most over the previous month, while expectations for production were unchanged.
FocusEconomics Consensus Forecast panellists expect gross fixed investment to reach 1.4% in 2013, which is down 0.6 percentage points from last month's forecast. For 2014, panellists expect an expansion of 2.8%.