Nice street in Denmark

Denmark GDP Q3 2019

Denmark: Flash estimate shows economic growth eased in the third quarter

The economy grew 0.3% in seasonally-adjusted quarter-on-quarter terms in Q3 2019, easing from the 0.9% expansion registered in the second quarter (previously reported: +0.8% quarter-on-quarter), according to Statistics Denmark’s preliminary GDP estimate, which is based on production data. Meanwhile, in year-on-year terms, the economy grew 2.3% in Q3, down slightly from Q2’s upwardly revised 2.6% expansion (previously reported: +2.1 year-on-year). The preliminary reading should be taken with a pinch of salt, however, given that Statistics Denmark estimates uncertainty regarding the final print to be at least plus or minus 0.5 percentage points.

The weaker outturn in Q3 was mainly owing to weak construction and public sector activity, while a slowdown in industrial production growth also weighed on the headline figure. On the external front, merchandise exports were strong in the third quarter, likely the result of robust exports of services and despite a subdued global growth outlook.

Comprehensive Q3 data will be published on 29 November.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest