Denmark Business Confidence December 2018


Denmark: Business sentiment falls to over one-and-a-half-year low in December

January 4, 2019

According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector fell to minus 5 points in December from a revised 0 points in November (previously reported: -1 point), dropping below the zero-point threshold that separates optimism from pessimism in the sector.

The tumble in industrial business sentiment was primarily driven by declining new orders. Moreover, firms’ outlook on production was less optimistic, while inventory levels rose sharply in the month.

Regarding the other sectors of the economy, confidence swung back to pessimistic territory in the construction sector in December after briefly rising above the 0-point threshold in November. On a brighter note, sentiment in the retail sector improved notably—mainly due to higher revenue and falling inventories—while service-sector confidence rose slightly in December.

Denmark Fixed Investment Forecast

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 2.6% in 2019, which is down 0.9 percentage points from last month’s forecast, and 4.1% in 2020.


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Denmark Business Confidence Chart

Denmark Business Confidence December 2018 0

Note: Value of s.a. monthly manufacturing confidence indicator index. The zero-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST)

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