Denmark: Business confidence reaches highest level in two and half years
November 28, 2013
In November, the business confidence indicator developed by Statistics Denmark (DST) rose from 7.0 points in October to 10.0 points. The increase marks the highest level since May 2011. The figure remains above the 0-point threshold, which indicates that optimists outnumber pessimists.
According to DST, October's reading came on the back of improving stocks of finished goods and order books. Conversely, production expectations were unchanged over the previous month.
FocusEconomics Consensus Forecast panelists expect gross fixed investment to reach 0.3% in 2013, which is down 0.3 percentage points from last month's forecast. For 2014, panelists expect an expansion of 2.5%, which is also down 0.3 percentage points from last month's estimate.
Author: Dirina Mançellari, Senior Economist