The manufacturing confidence indicator in Denmark fell to -26 in May 2020 from -22 in the previous month. It was the weakest reading since April 2009, due to a deterioration in stock of orders (-33 vs -23). Meanwhile, both production expectations (-27 vs -29) and stocks of finished goods (18 vs 14) improved.
Business Confidence in Denmark averaged -1.77 points from 2005 until 2020, reaching an all time high of 14 points in September of 2006 and a record low of -33 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. Denmark Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Statistics Denmark
Business Confidence in Denmark is expected to be -32.00 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 -12.00 in 12 months time. In the long-term, the Denmark Business Confidence is projected to trend around -7.00 points in 2021 and -4.00 points in 2022, according to our econometric models.