Denmark Industrial production June 2022

Denmark

Denmark: Manufacturing activity growth eases in June

August 8, 2022

Manufacturing output expanded 1.1% in month-on-month seasonally-adjusted terms in June, which was a deterioration from May's 3.1% increase. The reading was due to weaker intermediate goods production, which more than offset improved production of non-durable consumer goods.

On a seasonally-adjusted annual basis, manufacturing production rose at a quicker rate of 26.3% in June (May: +16.6% yoy), the best result on record. Consequently, annual average manufacturing output growth rose to 13.7% in June (May: +11.8%), signaling an improving trend in the manufacturing sector.

FocusEconomics panelists projects that industrial production will increase 8.2% in 2022, which is up 1.8 percentage points from last month’s projection, and 1.3% in 2023.


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Denmark Manufacturing June 2022

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


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