Denmark: Manufacturing production growth accelerates in November
January 10, 2022
Manufacturing output expanded 3.0% in month-on-month seasonally-adjusted terms in November, accelerating from October’s 2.8% increase. Looking at the details of the release, the upturn was largely due to the strong bounce-back in activity in the investment goods industry, which more than offset more moderate growth in the manufacture of non-durable goods and in the manufacture of intermediate goods.
On an annual basis, production growth moderated to 9.7% in seasonally-adjusted terms in November, down from October’s 15.5% increase. Still, the trend improved, with the annual average growth of manufacturing production coming in at 7.8% in November (October: 7.3%).
Author: Marta Casanovas , Economist