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Denmark business confidence moderates in January

Staff Writer |
The business confidence indicator for manufacturing developed by Statistics Denmark (DST) came in at minus 4 points in January, which was below December’s minus 2 points reading.

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The index is thus further below the zero-point threshold that separates pessimistic from optimistic sentiment, where it has been since June 2014.

According to DST, manufacturers reported worse business conditions across most components.

Employment, new orders and price expectations all worsened in January, while production expectations improved marginally.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to grow 1.7% in 2017, which is down 0.3 percentage points from last month’s forecast. For 2018, panelists forecast an expansion of 2.8%.

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