Trade Balance in Denmark
Denmark - Trade BalanceThe economy was set back at the outset of 2022, with GDP recording a marginal decline in sequential terms. The slowdown was largely attributable to sharp moderations in government spending and private consumption, due to a statistical effect and rising price pressures. That said, the scrapping of Covid-19 restrictions towards the end of Q1 should have supported activity somewhat. Moving to the second quarter, momentum is seemingly further being dampened by constrained household spending. Inflation hit its highest value in nearly four decades in April, while consumer sentiment tumbled to its lowest levels on record in April and May due to heightened global uncertainty. That said, the ongoing tightening of the labor market through March should be providing some support. In politics, in early May a cabinet reshuffle took place for the second time since the government took office in 2019.
Denmark - Trade Balance Data
|Trade Balance (USD billion)||9.3||10.3||9.3||6.9||12.7|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Trade Balance 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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January 24, 2023
Business confidence rose to minus 16.0 in January from December's minus 17.0.
January 23, 2023
Consumer sentiment came in at minus 26.1 in January, improving from the prior month’s minus 28.9.
January 10, 2023
Inflation came in at 8.7% in December, which was down from November’s 8.9%.
January 10, 2023
Manufacturing output grew 2.4% month-on-month in seasonally-adjusted terms in November (October: -2.7% mom).
January 5, 2023
Business sentiment dropped to minus 17.0 in December from November’s minus 15.0.