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.
Author: Carl Kelly, Economist