Industrial production in Denmark increased 3.6 percent year-on-year in February 2019, accelerating from an upwardly revised 3.0 percent gain in the previous month,as manufacturing output expanded 4,2 percent (vs 5.8 percent in January) while mining output contracted 2.7 percent (vs -22.7 percent in January). Within manufacturing, plastic, glass and concrete output grew at softer pace (3.6 percent vs 5.5 percent), while chemicals and oil refineries production slumped (-4.8 percent vs 4.9 percent). Meantime, upward pressure came from pharmaceuticals (14.7 percent vs 8.4 percent), food, beverages and tobacco (2.3 percent vs 2 percent) and basic metals and fabricated metal products (0.9 percent vs -11.2 percent). On a seasonally adjusted monthly basis, industrial production fell 0.8 percent in February. Industrial Production in Denmark averaged 0.24 percent from 2001 until 2019, reaching an all time high of 15.40 percent in November of 2016 and a record low of -22.20 percent in April of 2009.
Industrial Production in Denmark is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Denmark to stand at 3.30 in 12 months time. In the long-term, the Denmark Industrial Production is projected to trend around 3.50 percent in 2020, according to our econometric models.