The manufacturing confidence indicator in Denmark increased to -5 in August 2019 from -7 in the previous month. This was the highest reading since May, due to an improvement in production expectations (12 vs 9 in July). Meanwhile, sentiment deteriorated regarding the stocks of finished goods (14 vs 16) and new order levels (-14 vs -13). Business Confidence in Denmark averaged -1.29 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.