Current Account in Denmark
Denmark - Current Account (billions of U.S. Dollars)A flash estimate revealed that the economy continued to grow robustly in Q3, despite momentum cooling somewhat. The upswing was in no small part due to the removal of all domestic Covid-19 restrictions in early September. Prospects for the final quarter of the year remain upbeat: In October, the manufacturing PMI hit its highest level since at least April 1998, and business confidence climbed to an over-seven year high, which bodes well for investment in the quarter. However, authorities are considering reinstating the Covid-19 pass following a recent spike in infections. Meanwhile, on 12 November, Scope Ratings affirmed the country’s ‘AAA’ rating with a stable outlook, highlighting its wealthy and competitive economy, low levels of public debt and robust public finances, as well as a strong institutional framework. The agency noted high levels of household debt and rising housing prices as risks.
Denmark - Current Account (USD bn) Data
|Current Account Balance (USD bn)||25.1||24.3||25.7||24.7||27.0|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Current Account (USD bn) Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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November 15, 2021
Economic activity was robust in the third quarter, according to a preliminary release.
November 10, 2021
Consumer prices increased a seasonally-adjusted 0.95% in October over the previous month, picking up markedly from September's 0.28% rise.
November 5, 2021
Industrial output sank 5.6% in month-on-month seasonally-adjusted terms in September, which was a deterioration from August's 5.1% increase.
October 28, 2021
Business confidence jumped to a 91-month high of 10.0 in October, up from September’s 3.0.
October 21, 2021
Consumer confidence fell to 3.3 in October from September's over three-year high of 8.2.