Exchange Rate in Denmark
Denmark - Exchange RateEconomic growth moderated in the third quarter according to a preliminary estimate released by Statistics Denmark. The slowdown was mainly due to weak activity in the construction sector. Tighter bank lending requirements implemented last year and tepid demand weighed on activity, as reflected by the sharpest fall in building permits and new construction starts in approximately 13 years. Softer industrial production also dragged on the headline GDP figure. Meanwhile, the fourth quarter got off to a rocky start: In October, consumer and business confidence worsened, and the manufacturing PMI fell slightly into contractionary territory. On the political front, the government proposed the 2020 budget in early October. The modestly expansionary budget looks to increase spending on low-income families, partly funded by raising inheritance tax and rolling back tax cut promises.
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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November 14, 2019
The economy grew 0.3% in seasonally-adjusted quarter-on-quarter terms in Q3 2019, easing from the 0.9% expansion registered in the second quarter (previously reported: +0.8% quarter-on-quarter), according to Statistics Denmark’s preliminary GDP estimate, which is based on production data.
November 11, 2019
Consumer prices rose 0.4% in month-on-month terms in October, contrasting September’s 0.2% dip.
October 30, 2019
Business confidence among firms in the industrial sector decreased to minus 12 in October from minus 7 points in September, according to a survey conducted by Denmark’s Statistical Institute, the lowest reading since March 2015.
October 23, 2019
The consumer confidence index released by Statistics Denmark fell to 1.7 in October from 4.3 in September, reaching the lowest point since December 2016.
September 10, 2019
Consumer prices dipped 0.4% in month-on-month terms in August, contrasting July’s 0.6% rise.