Industrial production in Denmark surged 8.2 percent year-on-year in July 2019, following an upwardly revised 0.9 percent fall in the previous month. Manufacturing output jumped 10.7 percent, after a 2.1 percent drop in June, mainly boosted by output of chemicals and oil refineries (4.5 percent vs -21.2 percent); machinery (5.3 percent vs -5.3 percent); plastic, glass and concrete (7.7 percent vs -5.4 percent); and food, beverages and tobacco (3.2 percent vs -5.1 percent). Meantime, mining and quarrying production tumbled (-12.3 percent vs 13.6 percent). On a seasonally adjusted monthly basis, industrial production rose by 3.2 percent in July. Industrial Production in Denmark averaged 0.39 percent from 2001 until 2019, 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 2.80 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 4.20 in 12 months time. In the long-term, the Denmark Industrial Production is projected to trend around 3.50 percent in 2020, according to our econometric models.