Denmark Industrial production May 2022

Denmark

Denmark: Manufacturing production growth picks up pace in May

July 7, 2022

Manufacturing output grew 2.8% in month-on-month seasonally-adjusted terms in May, which was above April's 0.1% increase. Looking at the details of the release, the reading was largely due to an improvement in non-durable consumer goods production growth, which more than offset investment goods output weakening.

On an annual basis, manufacturing production increased 16.8% in seasonally-adjusted terms in May, matching April’s expansion. Still, the trend improved modestly, with the annual average growth of manufacturing production coming in at 11.9%, up from April's 11.7%.

FocusEconomics panelists projects that industrial production will increase 6.4% in 2022, which is up 0.9 percentage points from last month’s projection, and 0.9% in 2023.


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Denmark Manufacturing May 2022

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


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