Exchange Rate in Denmark
Denmark - Exchange RateEconomic growth gained traction in the second quarter according to a flash GDP report. A strong industrial sector and resilient external sector, despite a more challenging global environment and broader slowdown in Europe, led the acceleration. Moreover, household spending should have continued to rise, supported by a relatively healthy labor market and low inflation. Turning to the third quarter, however, available data suggests the economy may be losing some steam. The manufacturing PMI remained mired in contractionary territory in July, although improved from June thanks to a pick-up in new orders. That said, consumer confidence rebounded in August after falling in July, which bodes well for private consumption in Q3.
Denmark - Exchange Rate Data
|Exchange Rate (vs USD)||5.43||6.16||6.87||7.06||6.21|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||-0.64||-1.54 %||Sep 04|
|Exchange Rate||6.76||-0.57 %||Sep 04|
|Stock Market||1,052||-0.39 %||Sep 04|
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September 10, 2019
Consumer prices dipped 0.4% in month-on-month terms in August, contrasting July’s 0.6% rise.
August 29, 2019
Business confidence among firms in the industrial sector increased to minus five points in August from minus seven points in July, according to a survey conducted by Denmark’s Statistical Institute, due to an improvement in output expectations.
August 22, 2019
The consumer confidence index released by Statistics Denmark rose to 6.3 in August from 2.9 in July.
August 14, 2019
According to Statistics Denmark’s preliminary GDP estimate which is based on production data, the economy grew 0.8% in seasonally-adjusted quarter-on-quarter terms in Q2 2019, accelerating from the 0.1% expansion registered in the first quarter.
August 12, 2019
Consumer prices rose 0.6% in month-on-month terms in June, contrasting the 0.2% decline logged in June.