Denmark Business Confidence April 2019

Denmark

Denmark: Business sentiment ticks up but remains in pessimistic territory in April

April 29, 2019

According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector inched up to minus 3 points in April from minus 5 points in March, remaining below the critical zero-point threshold that separates optimism from pessimism in the sector.

The rise in April was a result of improved sentiment regarding current conditions in the service sector. Turning to the other sectors of the economy, the construction sector remained in pessimistic territory, while confidence among retailers fell in April as expectations of future sales plunged.

Against this backdrop, FocusEconomics Consensus Forecast panelists expect gross fixed investment to fall 0.3% in 2019, which is down 1.0 percentage point from last month’s forecast, and to expand 2.8% in 2020.


Author:, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence April 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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