Denmark’s manufacturing production shrank 7.6% month-on-month in January 2023, reversing a 15% growth in the previous month. Output dropped faster for pharmaceutical products (-13.6% vs 45.1% in December 2022), electronics (-2.9% vs 11.1%), textiles and leader products (-9.6% vs 2.5%), chemicals and oil refineries (-7.4% vs 3.8%), food, beverages and tobacco (-3.5% vs 4%), and machinery (-4.7% vs 2.2%). In contrast, output rebounded for electrical equipment (16.7% vs -14.1%), fabricated metals (4.5% vs -8.4%) and plastic, glass and concrete (3.2% vs -2.2%). On a non-seasonally adjusted yearly basis, manufacturing production rose 19.6%, easing from a 27.6% increase in the prior month. source: Statistics Denmark
Manufacturing Production MoM in Denmark averaged 0.25 percent from 2000 until 2023, reaching an all time high of 16.70 percent in October of 2016 and a record low of -11.90 percent in September of 2016. This page includes a chart with historical data for Denmark Manufacturing Production MoM. Denmark Manufacturing Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Manufacturing Production MoM in Denmark is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark Manufacturing Production MoM is projected to trend around 0.50 percent in 2024 and 0.40 percent in 2025, according to our econometric models.