Denmark Business Confidence

Denmark

Denmark: Businesses confidence drops to nine-month low in May

May 28, 2014

The business confidence indicator developed by Statistics Denmark (DST) plummeted from April’s 9 points to 2 points in May, which marked the lowest level since August 2013. Despite the sharp drop, the indicator still remains above the 0-point threshold, which indicates that optimists outnumber pessimists.

According to DST, May’s reading came on the back of a deterioration in production expectations as well as in stocks of finished goods.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.4% in 2014, which is down 0.6 percentage points from last month’s forecast. For 2015, panelists forecast an expansion of 3.6%.


Author:, Senior Economist

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Denmark Business Confidence Chart


Denmark Business Confidence May 2014 3

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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