Denmark Business Confidence

Denmark

Denmark: Businesses confidence plummets and reaches lowest level in over five years in July

July 30, 2014

The business confidence indicator developed by Statistics Denmark (DST) dropped from June’s minus 7 points to minus 13 points in July, which marked the lowest level since June 2009. The sharp drop drove the indicator further below the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, July’s deterioration was broad-based. Production expectations as well as stocks of finished goods also recorded a substantial decline. In addition, overall backlog deteriorated compared to June.

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 July 2014

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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