Denmark Business Confidence


Denmark: Businesses confidence deteriorates in December

January 6, 2015

In December, the business confidence indicator developed by Statistics Denmark (DST) fell from November’s minus 15 points to minus 19 points. December’s result marked the lowest level since May 2009. The indicator remains well below the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, December’s reading came on the back of a sharp drop in production expectations, which are now negative. In contrast, completed inventories and overall backlog improved slightly in December.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.3% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, panelists forecast an expansion of 3.2%.

Author: Angela Bouzanis, Senior Economist

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Denmark Business Confidence Chart

Denmark Business Confidence December 2014

Note: Value of s.a. monthly manufacturing confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST)

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