Denmark: Economic sentiment deteriorates further in July
Latest reading: Economic sentiment fell to 91.0 in July from June’s 92.6. The reading marked the worst result since November 2023 and the sixth consecutive decline. As a result, the index fell further below the long-term average of 100, pointing to a negative near-term outlook for the economy.
The headline print reflected weaker sentiment in the construction, industrial and retail sectors. On the flip side, sentiment improved among consumers, and July saw healthier confidence in the services sector.
Regarding indicators that are not used to calculate the index, employment expectations improved and the economic uncertainty index rose in June.