Denmark Industrial production September 2021

Denmark

Denmark: Industrial activity drops at sharpest pace since October 2020 in September

November 5, 2021

Industrial output sank 5.6% in month-on-month seasonally-adjusted terms in September, which was a deterioration from August's 5.1% increase. September's figure marked the weakest reading since October 2020. Looking at the details of the release, the slump was due to intermediate industry output declining at a sharper rate in September, while activity in the manufacture of non-durable goods and investment goods industry moderated.

On an annual basis, factory output rose 7.4% in calendar- and seasonally-adjusted terms in September, which was well below August’s 15.3% expansion. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at plus 4.6%, up from August's 3.6%.

FocusEconomics panelists projects that industrial production will increase 5.2% in 2022, which is up 0.2 percentage points from last month’s projection.


Author:, Junior Economist

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Denmark Industry September 2021

Note: Month-on-month seasonally-adjusted and year-on-year variation in %.
Source: Statistics Denmark (DST).


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