Denmark: Businesses turn pessimistic in June
June 27, 2014
The business confidence indicator developed by Statistics Denmark (DST) plummeted from May’s plus 2 points to minus 6 points in June, which marked the lowest level since October 2012. The sharp drop drove the indicator below the 0-point threshold, which indicates that pessimists outnumber optimists.
According to DST, June’s reading came on the back of a sharp deterioration in overall backlog and in stocks of finished goods, while production expectations were unchanged over the previous month.
Author: Dirina Mançellari, Senior Economist