Denmark’s seasonally adjusted Manufacturing PMI rose to 61.6 in February of 2019 from a downwardly revised 50 in the previous month. The reading pointed to the strongest expansion in factory activity since October last year, as output (68 from 59.1 in January); new orders (63.8 from 51.3); employment (63 from 39.6) and stocks of purchased products (48.3 from 38.8) increased. Meanwhile, stock of finished products advanced at a softer pace (52.2 from 55.3) On the price front, input cost inflation slowed (62.2 from 67.2). Manufacturing Pmi in Denmark averaged 55.53 from 1994 until 2019, reaching an all time high of 69.81 in September of 2015 and a record low of 25 in February of 2009.
Manufacturing Pmi in Denmark is expected to be 55.40 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 54.00 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.