Denmark´s seasonally adjusted Manufacturing PMI increased to 67.1 in October of 2018 from an upwardly revised 53.7 in the previous month. The reading pointed to the strongest expansion in factory activity since September of 2015, as output (59.5 from 40.2) jumped into expansion territory. Also, new orders (80.7 from 50.7); stocks of finished products (64.4 from 56.1) and job creation (72.6 from 64.7) advanced faster. On the other hand, stocks of purchased products (51 from 52.7) and supplier’s delivery time improved (56.7 from 69.5) rose at a softer pace. On the price front, input price inflation (75.1 from 68.7) accelerated. Manufacturing Pmi in Denmark averaged 55.50 from 1994 until 2018, reaching an all time high of 70.75 in February of 2018 and a record low of 25.02 in February of 2009.
Manufacturing Pmi in Denmark is expected to be 56.00 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 57.38 in 12 months time. In the long-term, the Denmark Manufacturing Pmi is projected to trend around 54.00 in 2020, according to our econometric models.