Unemployment in Denmark
Denmark - Unemployment
The economy will have been hammered by lockdown measures in the first quarter, and will likely remain under siege from Covid-19 in the second quarter despite easing restrictions in late April. In March, retail sales plunged at the sharpest rate in nearly five years—boding ill for household spending. Turning to Q2, business confidence plunged to an 11-year low in April, and the manufacturing PMI deteriorated at the sharpest pace since May 2009 in the same month; consequently, business investment will likely contract notably. Moreover, consumer confidence plummeted in April, while the number of unemployment applications skyrocketed in recent months, which should keep household spending depressed in the months ahead. Nevertheless, the government has been gradually lifting lockdown measures and has yet to report a second wave of infections, which should help restore confidence levels.Denmark - Unemployment Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Unemployment Rate | 5.0 | 4.5 | 4.1 | 4.2 | 3.7 |
Denmark Unemployment Chart
Source: Statistics Denmark (DST).
Denmark Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.15 | -1.54 % | Jan 01 |
| Exchange Rate | 6.66 | -0.57 % | Jan 01 |
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Economic News
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Denmark: Consumer prices are flat in annual terms in April
May 11, 2020
Consumer prices fell 0.1% month-on-month in April, dragged on by lower fuel prices (March: -0.3% month-on-month).
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Denmark: Business sentiment in April plunges to the lowest level since current records began in 1985
April 29, 2020
Business confidence among firms in the industrial sector nosedived to minus 22 points in April from minus 7 points in March.
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Denmark: Consumer confidence in April falls to the lowest level since December 2008
April 22, 2020
The consumer confidence index released by Statistics Denmark plunged to minus 11.9 in April from 0.4 in March.
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Denmark: Revised reading shows economic growth accelerated in Q4 2019
March 31, 2020
The economy accelerated to 0.6% in seasonally-adjusted quarter-on-quarter terms in Q4 2019 (previously reported: +0.1% quarter-on-quarter; Q3: +0.5% qoq), according to Statistics Denmark’s second GDP estimate.
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Denmark: Business sentiment in the industrial sector worsens in March
March 30, 2020
Business confidence among firms in the industrial sector dipped to minus 7 points in March from minus 4 points in February,.
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