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Denmark Economic Sentiment February 2024

Denmark: Economic sentiment falls to 10-month low in February

Economic sentiment fell to 97.2 in February from January’s 97.4. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.

The headline print reflected deteriorating sentiment in the industrial sector and sentiment in the retail sector weakened in the surveyed month. More positively, sentiment in the construction sector improved and confidence in the services sector was healthier in February. Finally, consumer sentiment rose in February.

Referring to indicators that are not used to calculate the index, employment expectations were healthier, and the economic uncertainty index increased in February.

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