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Fast Comment Denmark

Published: 7 September 2017 | Fast Comment Denmark (en) | Keywords: GDP Industrial Production

7 September 2017

Fast Comment Denmark — Industrial production disappoints, again

  1. Industrial production declined by 0.8% m-o-m in July; weaker than expected
  2. The decrease comes despite upbeat signals from industrial barometers
  3. Weak starting point for Q3

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

Published: 30 August 2017 | Fast Comment Denmark (en) | Keywords: Business Surveys Consumer Surveys Consumption Industrial Production

30 August 2017

Fast Comment Denmark — Slightly weaker signal from business barometers

  1. Industrial sentiment disappointed, dropping from 6 to 0 in August
  2. Service sentiment was unchanged at 9, while construction fell from -3 to -4
  3. Overall, the barometers still indicate decent growth

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

Published: 22 August 2017 | Fast Comment Denmark (en) | Keywords: Consumer Surveys Consumption

22 August 2017

Fast Comment Denmark — Weak start for private consumption in Q3

  1. Retail sales fell 0.1 percent m-o-m in July - weaker than expected
  2. Debit card turnover was also weak in July
  3. Developments contradict positive consumer sentiment

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

Published: 20 July 2017 | Fast Comment Denmark (en) | Keywords: Consumer Surveys Consumption Fiscal Policy

20 July 2017

Fast Comment Denmark — Upbeat Danish consumers

  1. The miserable Danish summer so far has had little impact on consumers' moods
  2. Consumer confidence increased from 7.1 to 10.5 in July - the highest reading in more than two years
  3. Indicates that private consumption will continue to act as a driver for the economy

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

Published: 27 June 2017 | Fast Comment Denmark (en) | Keywords: Consumer Surveys Consumption Retail Sales

27 June 2017

Fast Comment Denmark — Retail sales weaker than expected

  1. Retail sales were flat in May, which was weaker than our forecast (0.3% m-o-m)
  2. Clothing sales increased as expected, but food sales disappointed with a drop
  3. Revisions leave the impression of weaker momentum in retail sales

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

Published: 22 June 2017 | Fast Comment Denmark (en) | Keywords: Consumption Labour Market

22 June 2017

Fast Comment Denmark — Consumer confidence rose as expected

  1. Consumer confidence rose from 5.8 to 7.1 in June - in line with our expectations
  2. Seasonally adjusted consumer confidence rose from 4.9 to 6.5 following two months of decline
  3. Indicates that the weakness in private consumption in Q1 hopefully was temporary

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

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