Denmark Economic Outlook
May 29, 2018Recent data suggests that the economy is performing relatively well in the first half of the year. While the manufacturing PMI and consumer confidence were strong throughout the first quarter, business confidence and exports deteriorated. Moreover, a strong base effect will likely prompt the economy to contract in annual terms in Q1. Moving into the second quarter, business confidence in April reached its best reading so far this year, and consumer confidence in May jumped to a near one-year high on solid labor market dynamics and muted inflation. On the political scene, Danish Prime Minister Lars Lokke Rasmussen reshuffled his cabinet after two ministers resigned on 1 May. The resignation of the ministers has been interpreted by political analysts as internal party maneuvering to prepare for upcoming general elections due next year.
Denmark Economic GrowthThe economy is expected to grow at a broadly stable pace this year and next on the back of strong growth in fixed investment and buoyant activity in the construction sector. Private consumption is expected to expand at a healthy pace due to declining unemployment. Met the why particular panelists expect GDP to increase 1.7% in 2018, down 0.1 percentage points from last month’s estimate. For 2019, the panel projects growth of 1.9%.
Denmark Economy Data
5 years of Denmark economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.45||-1.54 %||Jun 14|
|Exchange Rate||6.44||-0.57 %||Jun 14|
|Stock Market||979||-0.39 %||Jun 14|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Denmark Economic News
June 11, 2018
Consumer prices rose 0.2% month-on-month in May, coming in below April’s 0.5% increase.
June 7, 2018
According to the business survey conducted by Statistics Denmark, business confidence among firms in the industrial sector improved in May.
May 24, 2018
The consumer confidence index released by Statistics Denmark jumped from 7.1 points in April to 9.3 points in May, a nine-month high.
May 11, 2018
Consumer prices increased 0.5% month-on-month in April, following a flat reading in March.
April 20, 2018
The consumer confidence index released by Statistics Denmark fell to 7.1 points in April, down from 8.5 points in March.