Denmark Business Confidence October 2022

Denmark

Denmark: Business sentiment records worst reading in over two years in October

October 28, 2022

Business sentiment fell to minus 16.0 in October, down from September's minus 9.0. October's result marked the weakest sentiment since June 2020. Consequently, the index moved further below the 0-point threshold, indicating starker pessimism among Danish businesses.

October’s downturn came on the back of a deterioration in firms’ views with regards to production and order backlogs, both of which became more pessimistic. More positively, firms became more optimistic with regards to stocks of finished goods.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 0.9% in 2023, which is down 0.2 percentage points from last month’s forecast, and 1.8% in 2024.


Author:, Economist

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Denmark Business Confidence October 2022

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


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