The manufacturing confidence indicator in Denmark decreased to -7 in September 2019 from -5 in the previous month, due to a deterioration in new order levels expectations (-24 vs -14 in August). At the same time, production expectations strengthened (16 vs 12), while sentiment regarding the stocks of finished goods was unchanged (at 14). Business Confidence in Denmark averaged -1.32 Index Points from 2005 until 2019, reaching an all time high of 14 Index Points in September of 2006 and a record low of -33 Index Points in February of 2009.
Business Confidence in Denmark is expected to be -6.00 Index 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 -2.00 in 12 months time. In the long-term, the Denmark Business Confidence is projected to trend around -1.00 Index Points in 2020, according to our econometric models.