The Danish manufacturing confidence indicator rose to -1 in November 2018 from -2 in the previous month. Improvements were seen in production expectations (29 from 21 in October) and stocks of finished goods (14 from 9); while prospects regarding the level of new orders was unchanged (-17, the same as in October). Business Confidence in Denmark averaged -1.12 Index Points from 2005 until 2018, reaching an all time high of 14 Index Points in September of 2006 and a record low of -35 Index Points in April of 2009.
Business Confidence in Denmark is expected to be 3.00 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.