Denmark: Economic sentiment rises in October
Economic sentiment came in at 92.5 in October, up from September’s 89.1. 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 services sector. Similarly, sentiment in the retail and industrial sectors improved in the surveyed month, though both remained below the 0-point threshold. Meanwhile, consumer sentiment improved in October. That said, sentiment in the construction sector deteriorated.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index improved in October.