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.