Denmark: October business confidence mirrors September's result
October 30, 2013
In October, the business confidence indicator developed by Statistics Denmark (DST) recorded plus 6 points in seasonally-adjusted terms. The reading mirrored September's result, which marked the highest level in more than a year. As a result, the figure remains above the 0-point threshold, indicating that optimists outnumber pessimists.
According to DST, October's figure was the result of an improvement in production expectations as well as in order books. In addition, stocks of finished goods rose slightly.
FocusEconomics Consensus Forecast panelists expect gross fixed investment to reach 0.3% in 2013, which is down 0.3 percentage points from last month's forecast. For 2014, panelists expect an expansion of 2.5%, which is also down 0.3 percentage points from last month's estimate.
Author: Dirina Mançellari, Senior Economist