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Denmark Industrial production October 2023

Denmark: Manufacturing activity bounces back in October

Manufacturing production expanded 1.3% month-on-month in seasonally adjusted terms in October, rebounding from September’s 0.4% decline. Looking at the details of the release, October’s turnaround was primarily driven by a rebound in non-durable consumer goods and stronger investment goods production.

On a seasonally adjusted annual basis, manufacturing output rose at a faster rate of 8.4% in October (September: +2.8% yoy). Meanwhile, the trend pointed down, with annual average manufacturing production growth falling to 11.5% in October (September: +11.7%), which marked an over one-year low.

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