Denmark: Businesses confidence idles in pessimistic territory in February
February 26, 2015
In February, the business confidence indicator developed by Statistics Denmark (DST) held at January’s minus 13 points. As a result, the indicator remains well below the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, February’s reading came on the back of a weakening in completed inventories and production expectations, although both components remained positive. Moreover, total backlogs fell further into negative territory in February compared to the previous month.
Author: Carl Kelly, Economist