Industrial production in Denmark increased 6.8 percent year-on-year in October 2018, accelerating from an upwardly revised 2.1 percent rise in the previous month. Manufacturing output expanded 7,7 percent, after increasing 3.8 percent in September while mining and quarrying output contracted less than in a month earlier (-2.2% vs -13.7%). Within manufacturing, output grew faster for furniture and other manufacturing (20.9% vs 17.7% in September). Additionally, output rebounded for: pharmaceuticals (13.2% vs -2.5%); plastic, glass and concrete (6.3% vs -4.7%); wood and paper products and printing (1.1% vs -2.3%), and food, beverages and tobacco (2.7% vs -2.8%). By contrast, output contracted for machinery (-0.8% vs 13.4%) while output of basic metals and fabricated metal products continued to fall (-3.9% vs -10.9%).On a seasonally adjusted monthly basis, industrial production rose 1 percent, after an upwardly revised 2.2 percent gain in September. Industrial Production in Denmark averaged 0.14 percent from 2001 until 2018, reaching an all time high of 15.40 percent in November of 2016 and a record low of -22.20 percent in April of 2009.
Industrial Production in Denmark is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Denmark to stand at 1.19 in 12 months time. In the long-term, the Denmark Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.