Denmark: Economic sentiment improves in January
Economic sentiment came in at 97.0 in January, up from December’s 93.7. January’s result marked the best reading since April 2022. 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 improving sentiment in the industrial sector and sentiment in the retail sector rose in the surveyed month. Less positively, sentiment in the construction sector weakened and confidence in the services sector waned in January. Finally, consumer confidence rose in January.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in January.