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Denmark Industrial production March 2024

Denmark: Manufacturing activity falls at sharpest rate in nearly four years in March

Manufacturing output sank 5.2% in month-on-month seasonally adjusted terms in March, which contrasted February’s 1.9% increase. The figure marked the worst reading since May 2020. Looking at the details of the release, March’s notable downturn was largely driven by a deterioration in non-durable consumer goods and intermediate goods output.

On an annual basis, manufacturing output rose 2.9% in seasonally adjusted terms in March, which was well below February’s 5.6% expansion and marked the weakest result since February 2021. Accordingly, the trend pointed down, with the annual average growth of manufacturing production coming in at 8.5%, down from February’s 9.0% reading.

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