Exchange Rate in Denmark
Denmark - Exchange Rate (average of period)The economy appeared to ease in Q1 following a strong Q4 last year. In the first quarter, business confidence remained in the doldrums, which, coupled with softer credit growth in January and February, could have kept fixed investment depressed. Moreover, in January and February retail sales were muted, amid higher inflationary pressures and lower consumer confidence, which suggests modest private consumption despite a tight labor market. The manufacturing PMI also ebbed in Q1. In politics, the latest polls suggest the Social Democrats—headed by Mette Frederiksen—hold a commanding lead ahead of general elections which must be held by 17 June, and the center-left bloc is on course for a parliamentary majority. A center-left victory is unlikely to significantly change the current prudent fiscal stance and will likely have a minimal impact on growth prospects this year.
Denmark - Exchange Rate vs EUR (aop) Data
|Exchange Rate (vs EUR, aop)||7.46||7.45||7.46||7.45||7.44|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Exchange Rate vs EUR (aop) Chart
Source: Thomson Reuters.
|Bond Yield||0.04||-1.54 %||May 13|
|Exchange Rate||6.65||-0.57 %||May 13|
|Stock Market||974||-0.39 %||May 13|
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May 21, 2019
Consumer confidence jumped in May, with the consumer confidence index released by Statistics Denmark increasing to 5.9 points from 3.7 points in April.
May 15, 2019
GDP grew 0.3% in seasonally-adjusted quarter-on-quarter terms in Q1 2019, down from the 0.8% increase registered in the fourth quarter last year, according to a flash estimate released on 15 May.
May 11, 2019
According to Statistics Denmark, consumer prices increased 0.3% in April over the prior month, up from the 0.1% rise registered in March.
April 29, 2019
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector inched up to minus 3 points in April from minus 5 points in March, remaining below the critical zero-point threshold that separates optimism from pessimism in the sector.
April 22, 2019
Consumer confidence moderated in April, with the consumer confidence index released by Statistics Denmark ticking down to 3.7 points from 3.8 points in March.