Denmark: Business confidence rebounds in November
November 29, 2012
In November, the seasonally adjusted manufacturing confidence indicator elaborated by Statistics Denmark (DST) rose to 2 points from the revised minus 6 points observed in October (previously reported: -7 points), which had marked lowest level recorded since September 2009. With the monthly improvement, confidence bounced to positive territory, suggesting an optimistic outlook amongst manufacturers for the next three months. According to DST, both production expectations and order books improved in November. In addition, stocks of finished goods fell notably, which also had a positive impact on manufacturing confidence, as it suggests higher demand levels.