The manufacturing confidence indicator in Denmark increased to -7 in October 2020, the weakest since June, from -11 in the previous month. It was the strongest reading since July, due to an improvement in sentiment regarding the stock of orders (-21 vs -29 in September) and production expectations (8 vs 6). Meantime, expectations of stocks of finished goods weakened (8 vs 11). source: Statistics Denmark
Business Confidence in Denmark averaged -1.99 points from 2005 until 2020, reaching an all time high of 14 points in September of 2006 and a record low of -33 points in February of 2009. This page provides the latest reported value for - Denmark Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Denmark Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Business Confidence in Denmark is expected to be -9.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Denmark to stand at -4.00 in 12 months time. In the long-term, the Denmark Business Confidence is projected to trend around -7.00 points in 2021 and -4.00 points in 2022, according to our econometric models.