Denmark Business Confidence

Denmark

Denmark: Businesses confidence deteriorates in October to five-year low

October 30, 2014

In October, the business confidence indicator developed by Statistics Denmark (DST) fell from September’s minus 9 points to minus 16 points. The result marked the lowest level since June 2009. The indicator remains well below the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, September’s reading came on the back of a deterioration in overall backlog, while completed inventories improved over the previous month.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.4% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists forecast an expansion of 2.5%.


Author: Angela Bouzanis, Senior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence October 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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