Denmark: Economic sentiment hits near two-year high in March
Economic sentiment came in at 97.1 in March, up from February’s 96.8. March’s result marked the best performance since April 2022. Despite the uptick, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector. Meanwhile, sentiment in the construction and retail sectors deteriorated, as did consumer sentiment. Lastly, confidence in the services sector waned in March.
Referring to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in March.