Denmark Economic Outlook
January 30, 2018Recent data for the final quarter points to a lackluster close to 2017 following the worst quarter-on-quarter GDP growth performance since Q3 2011 in the third quarter. Industrial production contracted in October and November, and average growth in retail sales was markedly lower in than the previous quarter amid weaker consumer confidence. Meanwhile, business sentiment stabilized. However, household consumption likely picked up at the outset of 2018 as consumer confidence rose to a six-month high in January. Rising employment is reducing slack in the labor market and buttressing wages, while subdued inflationary pressures are boosting consumers’ real purchasing power. Data released by the Central Bank on 29 January revealed that households also made large returns last year from investments in Danish-listed stocks, generating a return of DKK 51 billion from dividends and price gains.
Denmark Economic GrowthThe economy is expected to decelerate slightly this year as export growth loses some steam due to a stronger krone resulting from the currency’s peg to the euro. Higher energy prices will also dampen the external sector’s overall performance. That said, accommodative monetary policy will likely prop up domestic demand. On the downside, Denmark’s housing market boom poses the principal risk to the economic outlook. Adverse spillover effects from an unfavorable Brexit, including on the country’s all-important fishing industry, are also headwinds to improved growth prospects. Met the why particular panelists expect GDP to expand 1.9% in 2018, unchanged from last month’s estimate. For 2019, the panel also projects growth of 1.9%.
Denmark Economy Data
5 years of Denmark economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.80||-1.54 %||Feb 20|
|Exchange Rate||6.04||-0.57 %||Feb 20|
|Stock Market||996||-0.39 %||Feb 20|
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Denmark Economic News
February 12, 2018
Consumer prices fell 0.3% compared to the previous month in January, matching December’s result.
January 30, 2018
According to the business survey conducted by Statistics Denmark, business confidence deteriorated in January, dropping below the zero-point threshold that separates optimism from pessimism among manufacturers for the first time in five months.
January 23, 2018
The consumer confidence index released by Statistics Denmark climbed to 8.2 points in January from 6.5 points in December, which marked the highest reading in six months.
January 11, 2018
Consumer prices dropped 0.3% over the previous month in December, matching November’s result.
January 4, 2018
According to the business survey conducted by Statistics Denmark, business confidence stabilized in December at three points, matching November’s revised reading (previously reported: +2 points).