Denmark Business Confidence August 2019

Denmark

Denmark: Business sentiment in the industrial sector grows less pessimistic in August

August 29, 2019

Business confidence among firms in the industrial sector increased to minus five points in August from minus seven points in July, according to a survey conducted by Denmark’s Statistical Institute, due to an improvement in output expectations. That said, firms grew less positive about their order books.

Turning to other sectors, sentiment among retailers jumped on the back of increased sales. The construction sector was slightly less pessimistic in August as employment expectations improved, while confidence in the service sector tapered due to a less positive business climate.

Going forward, business confidence should remain somewhat hampered by a modest global growth outlook and Brexit uncertainty.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to fall 0.1% in 2019, which is down 0.1 percentage points from last month’s forecast, and to expand 3.0% in 2020.


Author:, Economist

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Denmark Business Confidence August 2019

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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