Denmark Industrial production February 2022

Denmark

Denmark: Manufacturing activity growth slows in February

April 8, 2022

Manufacturing output expanded a seasonally-adjusted month-on-month 1.0% in February, moderating from January’s 1.3% increase. Looking at the details of the release, February’s slowdown was largely driven by a softer expansion in the manufacture of non-durable goods, and a decline of activity in the intermediate industry.

On an annual basis, manufacturing output rose 12.8% in seasonally-adjusted terms in February, which was above January’s 8.5% increased and marked a four-month high. Consequently, annual average manufacturing production growth rose to 10.2% in February (January: 9.2%). This signals an improving trend in the manufacturing sector.

FocusEconomics panelists projects that industrial production will increase 4.4% in 2022, which is up 0.2 percentage points from last month’s projection, and 2.0% in 2023.


Author:, Economist

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Denmark Manufacturing February 2022

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


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