The manufacturing confidence indicator in Denmark inched down to -7 in December 2019 from -6 in the previous month, due to an increase in finished goods stocks (16 vs 11 in November). Meanwhile, there was an improvement in expectations regarding production (14 vs 11) and new order levels (-18 vs -19).

Business Confidence in Denmark averaged -1.41 Index Points from 2005 until 2019, reaching an all time high of 14 Index Points in September of 2006 and a record low of -33 Index Points in February of 2009. This page provides the latest reported value for - Denmark Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Statistics Denmark

Business Confidence in Denmark is expected to be -5.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Denmark to stand at 1.00 in 12 months time. In the long-term, the Denmark Business Confidence is projected to trend around -1.00 Index Points in 2020, according to our econometric models.


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Denmark Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-7.00 -6.00 14.00 -33.00 2005 - 2019 points Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 06:00 AM Sep -7 -5 -6
2019-10-30 07:00 AM Oct -12 -7 -6
2019-11-28 07:00 AM Nov -6 -12 -9
2020-01-07 07:00 AM Dec -7 -6 -5
2020-01-30 07:00 AM Jan -7 -5


News Stream
2019-11-28
Danish Business Confidence Strongest in 3 Months
The manufacturing confidence indicator in Denmark increased to -6 in November 2019 from -12 in the previous month. It was the strongest manufacturing confidence since August, due to an improvement in new order levels expectations (-19 vs -31 in October), and production expectations (11 vs 8). Meanwhile sentiment regarding the stocks of finished goods weakened (11 vs 14).

2019-10-30
Danish Business Confidence Weakest in Over 4 Years
The manufacturing confidence indicator in Denmark declined to -12 in October 2019 from -7 in the previous month. It was the weakest manufacturing confidence since July 2015, due to a deterioration in new order levels expectations (-31 vs -24 in September), and production expectations weakened (8 vs 16). Meanwhile sentiment regarding the stocks of finished goods was unchanged (at 14).

2019-09-27
Danish Business Confidence Weakens in September
The manufacturing confidence indicator in Denmark decreased to -7 in September 2019 from -5 in the previous month, due to a deterioration in new order levels expectations (-24 vs -14 in August). At the same time, production expectations strengthened (16 vs 12), while sentiment regarding the stocks of finished goods was unchanged (at 14).

2019-08-29
Danish Business Morale Strongest in 3 Months
The manufacturing confidence indicator in Denmark increased to -5 in August 2019 from -7 in the previous month. This was the highest reading since May, due to an improvement in production expectations (12 vs 9 in July). Meanwhile, sentiment deteriorated regarding the stocks of finished goods (14 vs 16) and new order levels (-14 vs -13).

2019-07-30
Danish Business Morale Weakest in Over 2-1/2 years
The manufacturing confidence indicator in Denmark fell to -7 in July 2019 from a downwardly revised -6 in the previous month. This was the weakest reading since November 2016, due to a deterioration in new order levels (-13 vs -11 in June) and production expectations (9 vs 10). Meanwhile, stocks of finished goods was unchanged (at 16).

2019-06-27
Danish Business Confidence Weakest in 3 Months
The manufacturing confidence indicator in Denmark fell to a three-month low of -5 in June 2019 from -2 in the previous month. This was the weakest reading since March, due to a deterioration in new order levels (-11 vs -6 in May) and production expectations (11 vs 13). Meanwhile, stocks of finished goods improved (16 vs 12).


Denmark Business Confidence
In Denmark, the tendency survey in manufacturing provides information on the current situation as well as expectations for the coming three months for the manufacturing industries. The most important variables used in the survey are production, employment, new orders, sales prices, investment plans and limits to production.

Denmark Business Last Previous Highest Lowest Unit
Business Confidence -7.00 -6.00 14.00 -33.00 points [+]
Industrial Production -5.90 1.10 15.40 -22.20 percent [+]
Industrial Production Mom -5.30 -1.80 15.20 -11.00 percent [+]
Manufacturing Production -1.30 4.90 26.10 -20.90 percent [+]
Capacity Utilization 80.60 81.10 88.90 70.90 percent [+]
New Orders 12.00 5.00 44.00 -59.00 points [+]
Changes in Inventories 3875.00 2727.00 10954.00 -11034.00 DKK Million [+]
Bankruptcies 776.00 932.00 1524.00 69.00 Companies [+]
Car Registrations 15473.00 18092.00 29700.00 1191.00 [+]
Internet Speed 20105.69 20707.87 20707.87 3196.34 KBps [+]
IP Addresses 2624652.00 2545183.00 3197587.00 1640027.00 IP [+]
Manufacturing Pmi 50.70 53.00 69.81 25.10 points [+]
Mining Production -42.40 -39.30 47.60 -42.40 percent [+]
Competitiveness Index 81.17 80.62 81.17 5.17 Points [+]
Competitiveness Rank 10.00 10.00 15.00 3.00 [+]
Corporate Profits 282297.00 269838.00 282297.00 45386.00 DKK Million [+]
Ease of Doing Business 4.00 3.00 6.00 2.00 [+]
Electricity Production 2610.00 2278.00 4364.00 1356.00 Gigawatt-hour [+]
Corruption Index 87.00 88.00 100.00 87.00 Points [+]
Corruption Rank 1.00 1.00 4.00 1.00 [+]