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.