Denmark Industrial production November 2021

Denmark

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%).

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


Author:, Economist

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Denmark Industry November 2021 0

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


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