Denmark: Manufacturing production falls at a faster clip in November
Latest reading: Manufacturing production was down 5.7% on a seasonally adjusted month-on-month basis in November, following a 4.0% decline in the prior month. November’s reading was the weakest since January.
Relative to the previous month’s data, readings in November worsened for investment goods (-0.3% in seasonally adjusted month-on-month terms vs +2.9% in October) and intermediate goods (-10.0% vs +2.3% in October). In contrast, the reading for non-durable consumer goods improved in November (-7.0% vs -8.4% in October).
On a seasonally adjusted year-on-year basis, manufacturing production fell 1.8% in November, following a 0.1% drop in the prior month.