Denmark Business Confidence August 2016

Denmark

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.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 1.8% in 2016, which is unchanged from last month’s forecast. For 2017, panelists forecast an expansion of 2.3%.


Author: Teresa Kersting, Economist

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Denmark Business Confidence August 2016 0

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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