The manufacturing confidence indicator in Denmark edged up to -5 in March 2019 from -6 in the previous month, due to an improvement in both production expectations (17 from 16 in February) and new orders (-16 from -17). In addition, stocks of finished goods are seen falling (15 from 17). Business Confidence in Denmark averaged -1.19 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.