Denmark Business Confidence November 2019


Denmark: Business sentiment in the industrial sector strengthens in November

November 28, 2019

Business confidence among firms in the industrial sector increased to minus 6 in November from minus 12 points in October, according to a survey conducted by Denmark’s Statistical Institute. November’s improvement was driven by firms’ significantly less pessimistic views towards their order books, which more than offset firms’ less positive views regarding finished goods storage.

Turning to other sectors, sentiment among the services sector ticked down on the back of lower sales. Meanwhile, sentiment among firms in the retail sector improved slightly in November.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to fall 2.2% in 2020, which is down 0.2 percentage points from last month’s forecast, and to expand 2.2% again in 2021.

Author:, Economist

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Denmark Business Confidence Chart

Denmark Business Confidence November 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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