Denmark: Business sentiment ticks up in July
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector improved in July. The seasonally adjusted confidence indicator rose from 2 points in June to 3 points in July, moving further above the zero-point threshold that separates optimism from pessimism in the sector.
The uptick in business sentiment was underpinned by higher production expectations and falling inventories. In contrast, firms’ views regarding their order books declined. Looking at a sector-by-sector picture, the construction sector became more optimistic, while sentiment in the service sector was unchanged and sentiment in the retail sector worsened.