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.
Author: Steven Burke, Economist