Denmark: Business confidence remains in pessimistic territory
September 27, 2012
In September, the seasonally adjusted manufacturing confidence indicator elaborated by Statistics Denmark (DST) remained unchanged at August's revised minus 1 points (previously reported: 0 points). The reading represents the second consecutive month in which the index remains in negative territory, which suggests a pessimistic outlook amongst manufacturers for the next three months. According to DST, production expectations fell into negative territory in September, while order books hit the 0-threshold, refraining from falling into pessimistic territory.