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.

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Denmark Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-7.00 -11.00 14.00 -33.00 2005 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-30 06:00 AM Jul -7 -16 -13
2020-08-28 06:00 AM Aug -10 -7 -4
2020-09-29 06:00 AM Sep -11 -10 -12
2020-10-29 07:00 AM Oct -7 -11 -14
2020-11-27 07:00 AM Nov -7 -10
2021-01-07 07:00 AM Dec
2021-01-29 07:00 AM Jan
2021-02-26 07:00 AM Feb


News Stream
Danish Business Confidence Strongest in 3 Months
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).
2020-10-29
Danish Business Morale Weakest in 3 Months
The manufacturing confidence indicator in Denmark declined to -11 in September 2020, the weakest since June, from -10 in the previous month, due to a deterioration in sentiment regarding the stock of orders (-29 vs -21 in August). Meanwhile, both production expectations (6 vs 0) and stocks of finished goods (11 vs 10) strengthened.
2020-09-29
Danish Business Morale Weakens in August
The manufacturing confidence indicator in Denmark dropped to -10 in August 2020 from -7 in the previous month, due to a decline in production expectations (0 vs 14), while stocks of finished goods weakened (10 vs 14). Meantime, sentiment regarding the stock of orders was stable (at -21), still in negative territory.
2020-08-28
Danish Business Confidence Strongest in 4 Months
The manufacturing confidence indicator in Denmark increased to -7 in July 2020 from -16 in the previous month. It was the strongest reading since March, due to an improvement in both stock of orders (-21 vs -30 in June) and production expectations (14 vs 0), while stocks of finished goods weakened (14 vs 19).
2020-07-30

Denmark Business Confidence
In Denmark, the tendency survey in manufacturing provides information on the current situation as well as expectations for the coming three months for the manufacturing industries. The most important variables used in the survey are production, employment, new orders, sales prices, investment plans and limits to production.