The Danish manufacturing confidence indicator stood at -5 in January 2019, unchanged from the previous month. It remained the weakest manufacturing confidence since May 2017, as deterioration were seen in stocks of finished goods (15 from 16) while production expectations was unchanged (at 20). Meantime, prospects regarding the level of new orders improved (-19 from -20). Business Confidence in Denmark averaged -1.16 Index Points from 2005 until 2019, reaching an all time high of 14 Index Points in September of 2006 and a record low of -35 Index Points in April of 2009.
Business Confidence in Denmark is expected to be 4.00 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 -2.00 Index Points in 2020, according to our econometric models.