Unemployment in Denmark
Denmark - UnemploymentThe economy likely recovered somewhat in Q3, after Q2’s pandemic-induced contraction. The unemployment rate eased further in August from May’s peak, boding well for household spending. Meanwhile, the manufacturing PMI remained in expansionary territory throughout the quarter, increasing notably in September. However, both consumer and business sentiment turned more pessimistic in September, likely impacted by a surge in new Covid-19 cases, which led to the announcement of new restrictions midway through the month. The restrictions were extended in early October until the end of the month, which could weigh on momentum in Q4. As such, consumer sentiment remained pessimistic in October, albeit improving slightly. Meanwhile, on 31 August the government tabled the 2021 draft budget, which focuses on safeguarding employment and local businesses, mitigating the fallout from the pandemic.
Denmark - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Denmark Unemployment Chart
Source: Statistics Denmark (DST).
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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June 10, 2021
Consumer prices rose a seasonally-adjusted 0.19% over the previous month in May, below April's 0.38% increase.
May 31, 2021
Economic activity swung back into contraction in the first quarter of 2021, with GDP declining 1.3% in seasonally-adjusted quarter-on-quarter terms, slightly above the preliminary estimate of a 1.5% drop but contrasting the 0.8% expansion recorded in Q4 2020.
May 28, 2021
Business confidence among firms in the manufacturing sector improved in May, with sentiment clocking in at 4—the best result since August 2018—from April’s 1.
May 21, 2021
Consumer confidence climbed in May and came in at plus 2.8, markedly up from April’s minus 1.1.
May 17, 2021
Economic activity swung back to contraction in the first quarter of 2021, according to a preliminary release, with GDP falling 1.5% in seasonally-adjusted quarter-on-quarter terms (Q4 +0.7% s.a.