Denmark Business Confidence

Denmark

Denmark: Businesses confidence picks up in January, but remains in pessimistic territory

January 29, 2015

In January, the business confidence indicator developed by Statistics Denmark (DST) rose from December’s minus 19 points to minus 13 points. December’s result had marked the lowest level since May 2009. Despite the improvement in January, the indicator remains well below the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, January’s reading came on the back of a strong rebound in production expectations, which are now back in positive territory. In contrast, completed inventories and overall backlogs moderated in January compared to the previous month.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.3% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, panelists forecast an expansion of 3.2%.


Author:, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence January 2015

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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