FOREX TradingCharts.com

Financial News: Denmark Economic Sentiment Weakens For Second Month

Denmark Economic Sentiment Weakens For Second Month

10/28/2022 - 04:24:00 (RTTNews)

(RTTNews) - Denmark's economic confidence deteriorated for a second straight month in October as morale in the industry, services and retail sectors worsened, survey data from Statistics Denmark showed Friday.

The overall economic confidence index, which includes consumer expectations, dropped to 71.1 from 79.1 in September.

Earlier, survey data showed that the consumer confidence index decreased to -37.0 from -32.1 in September.

The industrial confidence sub-index fell to -16 from -9 amid the rising pessimism regarding the production outlook and order backlog. The assessment of finish stock increased.

In services, the morale index dropped to -1 from 1 as the view on actual turnover and expected revenue declined and the pessimism surrounding the actual business situation worsened.

In the retail trade, the confidence indicator eased to -34 from -22 with the view on the expected revenue deteriorating sharply.

Pessimism reduced slightly in the construction sector with the confidence indicator improving to -18 from -19 in the previous month.

The survey also showed that the proportion of businesses facing supply and labor constraints have fallen. However, a lack of demand is rising.

Further, Statistics Denmark said a 28 percent of industrial firms expect a decrease in investments next year, while 18 percent are looking forward to growth in investments. The corresponding figures for this year were 16 percent and 25 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Luxembourg GDP Growth Improves; Inflation At 10-Month Low (27 min(s), 43 sec(s) ago)
(RTTNews) - Luxembourg's economy expanded at an accelerated pace in the third quarter, while c ...Full Story»

U.S. Labor Productivity Climbs More Than Previously Estimated In Q3 (37 min(s), 43 sec(s) ago)
(RTTNews) - Revised data released by the Labor Department on Wednesday showed U.S. labor productiv ...Full Story»

Greek Economy Shrinks For First Time In 2 Years On Energy Subsidies (01 hr(s), 12 min(s), 43 sec(s) ago)
(RTTNews) - Greece's economy turned to contraction for the first time since the third quarter ...Full Story»

Eurozone Q3 GDP Growth Revised Up To 0.3% On Household Spending, Investment (01 hr(s), 25 min(s), 43 sec(s) ago)
(RTTNews) - The euro area economy posted a better-than-initially estimated growth in the third qua ...Full Story»

Finland Trade Deficit Widens In October (02 hr(s), 06 min(s), 43 sec(s) ago)
(RTTNews) - Finland's trade deficit widened in October as the increase in imports exceeded the ...Full Story»

Reserve Bank Of India Slows Rate Hikes On Weaker Growth Outlook (02 hr(s), 22 min(s), 43 sec(s) ago)
(RTTNews) - India's central bank raised its benchmark interest rates for the fifth policy meet ...Full Story»

Taiwan Exports Fall Most In Nearly 7 Years (02 hr(s), 28 min(s), 43 sec(s) ago)
(RTTNews) - Taiwan's exports declined for the third straight month in November, and at the fas ...Full Story»

Philippines Industrial Production Rises; Jobless Rate Falls To 4.5% (04 hr(s), 24 min(s), 43 sec(s) ago)
(RTTNews) - The Philippines' industrial production index increased in October and the unemploy ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Luxembourg GDP Growth Improves; Inflation At 10-Month Low

12/07/2022 - 08:46 AM (RTTNews)
(RTTNews) - Luxembourg's economy expanded at an accelerated pace in the third quarter, while c ...Full Story>>

U.S. Labor Productivity Climbs More Than Previously Estimated In Q3

12/07/2022 - 08:36 AM (RTTNews)
(RTTNews) - Revised data released by the Labor Department on Wednesday showed U.S. labor productiv ...Full Story>>

Greek Economy Shrinks For First Time In 2 Years On Energy Subsidies

12/07/2022 - 08:01 AM (RTTNews)
(RTTNews) - Greece's economy turned to contraction for the first time since the third quarter ...Full Story>>

Eurozone Q3 GDP Growth Revised Up To 0.3% On Household Spending, Investment

12/07/2022 - 07:48 AM (RTTNews)
(RTTNews) - The euro area economy posted a better-than-initially estimated growth in the third qua ...Full Story>>

Finland Trade Deficit Widens In October

12/07/2022 - 07:07 AM (RTTNews)
(RTTNews) - Finland's trade deficit widened in October as the increase in imports exceeded the ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.