Denmark Economic Outlook
May 28, 2019Growth ebbed noticeably in the first quarter according to a flash estimate, although this was partly due to a tough base effect following Q4 2018’s solid performance. While a full breakdown by components has yet to be released, industrial production growth lost momentum in Q1. In the same quarter, retail sales growth weakened amid an uptick in inflation, while employment growth also slipped, which points to a potential slowdown in private consumption. Moving to Q2, early indicators are largely positive, with the manufacturing PMI ticking up in April and consumer confidence rising in May. Business sentiment also rose in April but remained in negative territory amid a moderate global growth outlook and trade headwinds. In the political arena, general elections will be held on 5 June. They should spell continuity regarding the current prudent fiscal stance and the growth outlook should remain stable.
Denmark Economic GrowthThe economy is projected to gain impetus this year, driven by a robust external sector, a tight labor market and solid wage gains. Uncertainty regarding immigration policy following June’s election, intensified trade tensions, a global economic slowdown and Brexit pose risks to growth. Met the why particular analysts expect growth of 1.7% in 2019, which is unchanged from last month’s forecast, and 1.6% in 2020.
Denmark Economy Data
5 years of Denmark economic forecasts for more than 30 economic indicators.
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|Bond Yield||-0.21||-1.54 %||Jun 13|
|Exchange Rate||6.62||-0.57 %||Jun 13|
|Stock Market||1,020||-0.39 %||Jun 13|
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Denmark Economic News
June 11, 2019
According to Statistics Denmark, consumer prices decreased 0.1% in May over the month prior, down from the 0.3% rise registered in April.
May 29, 2019
The economy grew a downwardly revised 0.2% in seasonally-adjusted quarterly terms in the first quarter of 2019 (previously reported: +0.3% quarter-on-quarter), according to the latest national accounts data which were released by Statistics Denmark on 29 May.
May 29, 2019
Business confidence among firms in the industrial sector inched up to minus 2 points in May from minus 3 points in April, according to a survey conducted by Statistics Denmark, owing to a slight recovery in news orders and lower stocks.
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.