Unemployment in Denmark
Denmark - Unemployment
The economy appeared to ease in Q1 following a strong Q4 last year. In the first quarter, business confidence remained in the doldrums, which, coupled with softer credit growth in January and February, could have kept fixed investment depressed. Moreover, in January and February retail sales were muted, amid higher inflationary pressures and lower consumer confidence, which suggests modest private consumption despite a tight labor market. The manufacturing PMI also ebbed in Q1. In politics, the latest polls suggest the Social Democrats—headed by Mette Frederiksen—hold a commanding lead ahead of general elections which must be held by 17 June, and the center-left bloc is on course for a parliamentary majority. A center-left victory is unlikely to significantly change the current prudent fiscal stance and will likely have a minimal impact on growth prospects this year.Denmark - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 5.8 | 5.0 | 4.5 | 4.2 | 4.2 |
Denmark Unemployment Chart
Source: Statistics Denmark (DST).
Denmark Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.04 | -1.54 % | May 13 |
| Exchange Rate | 6.65 | -0.57 % | May 13 |
| Stock Market | 974 | -0.39 % | May 13 |
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Economic News
Denmark: Inflation edges lower in April
May 10, 2019
According to Statistics Denmark, consumer prices increased 0.3% in April over the prior month, up from the 0.1% rise registered in March.
Denmark: Business sentiment ticks up but remains in pessimistic territory in April
April 29, 2019
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector inched up to minus 3 points in April from minus 5 points in March, remaining below the critical zero-point threshold that separates optimism from pessimism in the sector.
Denmark: Consumer confidence softens in April
April 22, 2019
Consumer confidence moderated in April, with the consumer confidence index released by Statistics Denmark ticking down to 3.7 points from 3.8 points in March.
Denmark: Inflation picks up in March
April 10, 2019
According to Statistics Denmark, consumer prices increased 0.1% in March over the prior month, down from the 0.5% rise registered in February.
Denmark: Third estimate sees minor upward revision to Q4 GDP print; 2018 growth upgraded notably
March 29, 2019
According to a third estimate released by Statistics Denmark on 29 March, the economy grew a revised 0.8% in seasonally adjusted quarterly terms in the fourth quarter of 2018 (previously reported: +0.7% qoqsa), accelerating from Q3’s 0.4% growth.
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