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.
Author: Dirina Mançellari, Senior Economist