Denmark Economic Outlook
January 29, 2019Economic momentum appears to have remained solid in the final quarter of the year, following a strong showing in Q3. Export growth accelerated in November from October’s recovery on robust pharmaceutical shipments, contributing to a higher current account surplus in the month. The improvement was corroborated by the manufacturing sector, with the PMI inching higher in December on stronger production, and Q4’s average PMI reading surpassing that of the prior quarter. Nevertheless, the third consecutive decline in new orders in December spells softer demand conditions moving into 2019. Turning to consumer spending, the bedrock of the economy, retail sales growth was robust in Q4, likely underpinned by strong real wage growth. Consumer confidence, however, was less upbeat in Q4, although it did improve for the first time in six months in January.
Denmark Economic GrowthThe Danish economy should enjoy solid growth in 2019, provided the global economy doesn’t markedly slowdown and/or endure a hard Brexit. Economic growth is expected to be more balanced this year as the contribution from exports improves after a lackluster performance in 2018. Moreover, private consumption should continue to support the expansion thanks to a growing labor force and accommodative monetary conditions. Met the why particular panelists expect GDP to increase 1.8% in 2019, which is down 0.1 percentage points from last month’s estimate, and 1.6% in 2020.
Denmark Economy Data
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|Bond Yield||0.14||-1.54 %||Jan 30|
|Exchange Rate||6.50||-0.57 %||Jan 30|
|Stock Market||929||-0.39 %||Jan 30|
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Denmark Economic News
April 11, 2019
According to Statistics Denmark, consumer prices increased 0.1% in March over the prior month, down from the 0.5% rise registered in February.
March 29, 2019
According to a third estimate released by Statistics Denmark on 29 March, the economy grew a revised 0.8% in seasonally adjusted quarterly terms in the fourth quarter of 2018 (previously reported: +0.7% qoqsa), accelerating from Q3’s 0.4% growth.
March 28, 2019
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector inched up to minus 5 points in March from minus 6 points in February, remaining below the critical zero-point threshold that separates optimism from pessimism in the sector.
March 21, 2019
Consumer confidence regained some ground in March, with the consumer confidence index released by Statistics Denmark rose to 3.8 points in March from 3.3 points in February.
March 11, 2019
According to Statistics Denmark, consumer prices climbed 0.5% over the prior month in February, up from the 0.2% rise registered in January.