The manufacturing confidence indicator in Denmark fell to -7 in July 2019 from a downwardly revised -6 in the previous month. This was the weakest reading since November 2016, due to a deterioration in new order levels (-13 vs -11 in June) and production expectations (9 vs 10). Meanwhile, stocks of finished goods was unchanged (at 16). Business Confidence in Denmark averaged -1.26 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 -2.00 Index Points in 2020, according to our econometric models.