The manufacturing confidence indicator in Denmark rose to a six-month high of -2 in May 2019 from -3 in the previous month, due to an improvement in new order levels (-6 vs -15 in April) and stocks of finished goods (12 vs 7). Meantime, production expectations was unchanged (at 13). Business Confidence in Denmark averaged -1.21 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.
Business Confidence in Denmark is expected to be -8.00 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 -4.00 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.