August 31, 2015

In August, the business confidence indicator developed by Statistics Denmark (DST) increased to minus 7 points from July’s minus 11 points. The indicator is still resting well below the 0-point threshold, which indicates that pessimists outnumber optimists.



According to DST, August’s reading came mainly on the back of a decrease in production expectations. On the other hand, total backlogs improved and completed inventories rose in August.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 2.5% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, panelists forecast an expansion of 3.4%.