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Denmark

Fast Comment Denmark — Industry defies global weaknesses

  1. The business barometer for industry rose from -2 to -1 in November - better than expected
  2. The service barometer declined, as expected, from 10 to 8 - the lowest level since April 2017
  3. Construction sentiment defied signals of slowdown, with an increase from -2 to 1

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Danish Comment — Industrien holder skindet på næsen trods global usikkerhed

  1. Industriens konjunkturbarometer steg fra -2 til -1 i november, hvilket var bedre end ventet, men lagrene stiger og ordrerne er svagere
  2. Servicesektorens barometer faldt som ventet fra 10 til 8 - det svageste niveau siden april 2017
  3. Byggesektoren trodser tegn på opbremsning med en stigning fra -2 til 1

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Morgenmelding Danmark —

Rasmus Gudum-Sessingø, Senior Economist | ragu02@handelsbanken.dk

Morgenmelding Danmark —

Bjarke Roed-Frederiksen, Senior Economist | bjro03@handelsbanken.dk

Morgenmelding Danmark —

Rasmus Gudum-Sessingø, Senior Economist | ragu02@handelsbanken.dk

Danish Comment — Black Friday effect lowers retail sales

  1. Retail sales fell 0.7 percent m-o-m in October close to our expectation
  2. Consumers waiting for Black Friday probably explains the drop
  3. Weak beginning to Q4, but we are still optimistic

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk