Denmark's DILF Manufacturing PMI dropped to 47.6 in May 2019 from a revised 58.8 in the previous month. The latest reading pointed to the first month of contraction in the manufacturing sector since April 2017, led by falls in employment (45.2 vs 56.5 in April), suppliers' delivery times (44.2 vs 40.8), and stock of purchased products (48.4 vs 44.2). In addition, new order growth slowed sharply (50.2 vs 63.0) and production also rose at softer pace (53.7 vs 69.1). Manufacturing Pmi in Denmark averaged 55.52 from 1994 until 2019, reaching an all time high of 69.79 in October of 1999 and a record low of 24.97 in February of 2009.
Manufacturing Pmi in Denmark is expected to be 55.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Denmark to stand at 54.30 in 12 months time. In the long-term, the Denmark Manufacturing Pmi is projected to trend around 56.00 in 2020, according to our econometric models.