Denmark Economic Outlook
October 23, 2018While data for the third quarter has been mixed, the economy likely continued to expand at a steady pace. Although the manufacturing PMI fell in September as new orders and production growth slid, the average PMI reading in the third quarter was much stronger than Q2’s. Moreover, a tight labor market is strengthening households’ disposable income, which is likely feeding through to a pick-up in consumer spending—as seen by August’s solid retail sales figure. On the downside, business confidence deteriorated in September, while the agricultural sector likely faltered in the quarter, dragged down by depressed pork prices and the summer drought, which damaged crops.
Denmark Economic GrowthStrong macroeconomic fundamentals should drive the Danish economy nicely into 2019. Private consumption should remain a main driver of growth, supported by a healthy labor market, low inflation and accommodative monetary conditions. Nevertheless, external downside risks to the outlook, including a downturn in global trade and uncertainty surrounding Brexit negotiations, persist. Met the why particular panelists expect GDP to increase 1.9% in 2019, which is unchanged from last month’s estimate, and 1.7% in 2020.
Denmark Economy Data
5 years of Denmark economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.32||-1.54 %||Nov 15|
|Exchange Rate||6.59||-0.57 %||Nov 15|
|Stock Market||906||-0.39 %||Nov 15|
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Denmark Economic News
October 30, 2018
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector dipped to a seven-month low in October.
October 23, 2018
The consumer confidence index released by Statistics Denmark fell to 5.1 points in October from 6.9 points in September, the lowest level since February 2017.
October 11, 2018
Consumer prices fell 0.3% over the previous month in September, following August’s 0.4% dip.
September 27, 2018
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector deteriorated in September.
September 20, 2018
The consumer confidence index released by Statistics Denmark dropped from 7.8 points in August to 6.9 points in September, the lowest level since December 2017.