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.
Author: Steven Burke, Economist