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Denmark Industrial production May 2022

Denmark: Manufacturing production growth picks up pace in May

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%.

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