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.