Denmark's DILF Manufacturing PMI decreased to 48.7 in August 2019 from 49.5 in the previous month. The reading pointed to the fourth consecutive contraction in the factory sector, as employment fell more deeply (36.6 from 37.3 in July) and new orders growth slowed (50.9 from 55.4). Meanwhile, output (55.5 from 53.6) and stocks of finished products (51.7 from 50.7) went up faster. On the price front, input price inflation was up (63.8 from 62.4). Manufacturing Pmi in Denmark averaged 55.43 from 1994 until 2019, reaching an all time high of 69.86 in September of 2015 and a record low of 24.36 in February of 2009.
Manufacturing Pmi in Denmark is expected to be 49.20 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 54.70 in 12 months time. In the long-term, the Denmark Manufacturing Pmi is projected to trend around 56.00 in 2020, according to our econometric models.