Denmark Business Confidence


Denmark: Businesses remain pessimistic in August

August 28, 2014

In August, the business confidence indicator developed by Statistics Denmark (DST) rose from July’s minus 13 points to minus 6 points, which marked the highest level in three months. The indicator, however, remains well below the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, August’s reading came on the back of an improvement in production expectations, while overall backlog as well as stocks of finished goods declined over the previous month.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.5% in 2014, which is unchanged from last month’s forecast. For 2015, panelists forecast an expansion of 3.3%.

Author: Angela Bouzanis, Senior Economist

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Denmark Business Confidence Chart

Denmark Business Confidence August 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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