Denmark: Business sentiment jumps in May
According to the business survey conducted by Statistics Denmark, business confidence among firms in the industrial sector improved in May. The confidence indicator jumped from 1.0 point in April to 4.0 in May, a 10-month high. The indicator lies above the zero-point threshold that separates optimism from pessimism in the sector.
The improvement in business sentiment reflected a broad-based improvement across all components of the index. Production expectations reached the highest print since December 2017, and order books improved. Stocks of finished goods were also viewed in a more positive light in May.