Denmark: Businesses confidence deteriorates in September
September 29, 2014
In September, the business confidence indicator developed by Statistics Denmark (DST) fell from August’s minus 5 points to minus 9 points, reversing last month’s gains. 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 production expectations improved over the previous month.