Denmark: Business confidence continues to improve in May
Consequently, the index moved further above the 0-point threshold, separating optimism from pessimism among businesses for the third month running.
Moreover, sentiment in the services sector improved markedly in May, turning notably more optimistic. However, sentiment in the retail and construction sectors dropped back to pessimistic territory in the same month.
FocusEconomics Consensus Forecast panelists expect gross fixed investment to increase 2.9% in 2021, which is up 0.4 percentage points from last month’s forecast, and 3.6% in 2022. ■