Denmark: Business confidence weakens in August
August 30, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 7 points in August, which marked a deterioration over the previous month’s minus 5 points. Since June 2014, the indicator has remained under the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, August’s setback mainly reflected more pessimistic expectations of future production and a smaller backlog of orders in comparison to July. All of the four main industry categories remained well entrenched in negative territory. While confidence fell the most among producers of capital goods, sentiment improved the most among producers of non-durable goods.