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Denmark Industrial production October 2021

Denmark: Manufacturing production returns to growth in October

Manufacturing output expanded 2.6% in month-on-month seasonally-adjusted terms in October, rebounding from September’s 6.2% decline. Looking at the details of the release, the upturn was largely due to the manufacture of non-durable goods bouncing back in October, which more than offset a decline in activity in the investment goods industry.

On an annual basis, production growth accelerated to a three month-high of 15.5% in seasonally-adjusted terms in October, up from September’s 5.1% increase. Consequently, the trend improved, with the annual average growth of manufacturing production coming in at 7.4% in October (September: 5.3%).

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