Current Account in Denmark
Denmark - Current AccountGrowth slowed in the first quarter due to a weaker external sector and a contraction in public spending. However, private consumption was solid, buoyed by a surge in vehicle sales, and fixed investment rebounded firmly. Turning to Q2, momentum has likely picked up slightly. In April, annual retail sales growth hit a five-month high, which, coupled with a pick-up in annual private sector credit growth, likely propelled domestic demand. Moreover, an extremely tight labor market in April, a solid pick-up in consumer confidence in Q2 and tepid price pressures further suggest the domestic economy will likely drive growth in the second quarter—amid an uncertain external environment. In politics, the Social Democrat Party won parliamentary elections on 5 June. While forming a stable government could be difficult, the impact on growth should be negligible irrespective.
Denmark - Current Account Data
|Current Account (% of GDP)||7.9||8.6||8.2||7.9||7.9|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Current Account Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||-0.19||-1.54 %||Jul 11|
|Exchange Rate||6.64||-0.57 %||Jul 11|
|Stock Market||1,007||-0.39 %||Jul 11|
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July 10, 2019
Consumer prices decreased 0.2% in June, following the 0.1% dip in May.
June 27, 2019
Business confidence among firms in the industrial sector slumped further to minus five points in June from minus two points in May, according to a survey conducted by Denmark’s Statistical Institute, due to a sharper deterioration in new orders and less optimistic production expectations.
June 20, 2019
The consumer confidence index released by Statistics Denmark ticked down to 5.8 points in June from 5.9 points in May.
June 11, 2019
According to Statistics Denmark, consumer prices decreased 0.1% in May over the month prior, down from the 0.3% rise registered in April.
May 29, 2019
The economy grew a downwardly revised 0.2% in seasonally-adjusted quarterly terms in the first quarter of 2019 (previously reported: +0.3% quarter-on-quarter), according to the latest national accounts data which were released by Statistics Denmark on 29 May.