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Denmark Business Confidence May 2022

Denmark: Business sentiment deteriorates to 17-month low in May

Business sentiment came in at minus 3.0 in May, down from April’s 4.0. May’s result marked the weakest reading since December 2020. As a result, the index dropped below the 0-point threshold, signaling pessimism among businesses.

May’s fall came on the back of firms’ weaker optimism with regard to production expectations. Moreover, views regarding order backlog deteriorated markedly.

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