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Denmark Economic Sentiment September 2023

Denmark: Economic sentiment falls in September

Economic sentiment came in at 89.0 in September, down from August’s 93.7. September’s result marked the worst performance since April. As a result, the index moved further below the long-term average of 100, pointing to a muted near-term outlook for the economy.

The headline print reflected declining sentiment in the industrial sector. Additionally, confidence in the services sector softened in September. More positively, sentiment in the retail and construction sectors rose in the surveyed month. Finally, consumer sentiment deteriorated in September.

Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in September.

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