Denmark: Business confidence weakens slightly in September
September 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in September, which marked a deterioration since the previous month’s minus 7 points. Since June 2014, the indicator has remained under the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, September’s setback reflected more pessimistic expectations of future production and a smaller backlog of orders in comparison to August. Sentiment remained firmly entrenched in pessimistic territory among producers of capital, intermediate and durable goods. By contrast, sentiment among consumers of non-durable goods returned to positive territory in September.