Denmark: Economic sentiment rises to over two-year high in September
Latest reading: Economic sentiment rose to 104.8 in September from August’s 100.6. September’s result marked the strongest sentiment since February 2022. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print largely reflected renewed confidence in the industrial sector and stronger confidence in the services sector. Moreover, sentiment in the construction sector and among consumers improved. That said, sentiment in the retail sector weakened in the surveyed month.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index remained flat in September.