Denmark Economy

Denmark’s gdp growth annual decreased to -3.7 by -53.75% on July 2020 from -8.0 in the previous Quarterly. On a year on year basis Denmark’s gdp growth annual decreased by -470.0%. Denmark’s gdp growth annual trend is down since the current value of -3.7 is lower than the 12 month moving average of 0.383333.Denmark’s inflation cpi icnreased to 0.5 by 25.0% on November 2020 from 0.4 in the previous Monthly. Denmark’s inflation cpi trend is down since the current value of 0.5 is lower than the 12 month moving average of 0.566667.Denmark’s unemployment rate decreased to 4.6 by -4.17% on October 2020 from 4.8 in the previous Monthly. On a year on year basis Denmark’s unemployment rate increased by 24.32%. Denmark’s unemployment rate trend is down since the current value of 4.6 is lower than the 12 month moving average of 4.575.

Denmark Financial Markets

 

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
OMX Copenhagen 20 OMXC 1738.02 0 0.5 0.22026 57.7301 0.01036 -0.00786 0.02605 0.15781
Denmark ETF EDEN 101.37 0.5 0 -0.91213 58.1063 0.02023 0.00158 0.04678 0.05958
Danish Krone US Dollar (DKK/USD) DKKUSD 6.7094 0 0.75 1.58615 48.6391 -0.00907 -0.00523 0.00333 0.07357
Denmark 10-Year Bond Yield DK.10Y 0.893 1 1 3.74521 72.9255 0.09571 0.21003 2.6449 98.2222
Denmark 2-year bond yield DK.2Y -0.116 -1 1 4.53915 68.4694 -0.34831 -0.58571 -0.82263 -0.77989
Denmark Yield Curve DK.YC 0.48 -1 -1 -1.37764 45.4335 -9.94 -26.38 -15.34 -0.59432

OMX Copenhagen 20 closed up by 0.0% to 1465.17 on 23 January 2021 and +0.01418% on a weekly basis. OMX Copenhagen 20 momentum was last calculated at +0.5/100 indicating positive momentum. OMX Copenhagen 20 trend is +1.0/100 indicating a positive trend. OMX Copenhagen 20 momentum exhaustion is 1.69937 indicating OMX Copenhagen 20 is oversold.Denmark ETF closed down by -0.00301% to 99.33 on 23 January 2021 and +0.01202% on a weekly basis. Denmark ETF momentum was last calculated at +0.5/100 indicating positive momentum. Denmark ETF trend is +1.0/100 indicating a positive trend. Denmark ETF momentum exhaustion is 2.02335 indicating Denmark ETF is oversold.Denmark 10-Year Bond Yield closed up by 0.0% to -0.463 on 23 January 2021 and +0.08178% on a weekly basis. Denmark 10-Year Bond Yield momentum was last calculated at +0.5/100 indicating positive momentum. Denmark 10-Year Bond Yield trend is -0.75/100 indicating a negative trend. Denmark 10-Year Bond Yield momentum exhaustion is -0.88 indicating Denmark 10-Year Bond Yield is oversold.Danish Krone US Dollar (DKK/USD) closed up by 0.00016% to 6.0929 on 23 January 2021 and +-0.00095% on a weekly basis. Danish Krone US Dollar (DKK/USD) momentum was last calculated at -0.5/100 indicating negative momentum. Danish Krone US Dollar (DKK/USD) trend is -1.0/100 indicating a negative trend. Danish Krone US Dollar (DKK/USD) momentum exhaustion is -1.65017 indicating Danish Krone US Dollar (DKK/USD) is oversold.Denmark Credit Default Swaps closed up by 0.0% to 11.1676 on 23 January 2021 and +0.0% on a weekly basis. Denmark Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Denmark Credit Default Swaps trend is +0.75/100 indicating a positive trend. Denmark Credit Default Swaps momentum exhaustion is 0.25819 indicating Denmark Credit Default Swaps is oversold.

Denmark Macroeconomic model

MacroVar Denmark Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. Denmark’s current macroeconomic conditions are summarized below the chart. Click here to learn more about MacroVar Denmark macroecononic model and the leading economic indicators used for analysis.

Denmark Macro Model

 

Denmark News

Denmark Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual 6.8 3.8 78.95 240 UP UP 98.33 2022-04-29
inflation cpi 6.7 5.4 24.07 346.67 UP UP 100 2022-05-04
unemployment rate 4 4.5 -0.111111 -0.272727 -1.0 -1.0 0.0166667 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
ESI - Economic Composite 111.9 99.1 0.129162 0.724191 1.0 1.0 1 2021-04-01
manufacturing pmi 60.7 62.8 -3.34 -7.74 Down Down 65 2022-05-26
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 668.26 671.37 -0.46 -14.69 Down Down 41.67 2022-06-24
government debt to gdp 36.7 42.1 -12.83 -9.16 Down Down 0 2022-04-29
external debt 17448 17450 -0.01 -75.82 Down Down 63.33 2022-05-18
foreign exchange reserves 534000 535100 -0.21 16.44 UP UP 93.33 2022-05-26
gold reserves 66.55 66.55 0 0 1.0 -1.0 0.6 2020-08-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 19100 25300 -24.51 71.89 UP UP 80 2022-06-11
current account to gdp 7.8 8.9 -0.123596 1.68966 1.0 1.0 0 2020-01-31
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.6 -0.75 -0.2 -0.0769231 1.0 1.0 0.0166667 2020-03-19
central bank balance sheet 482.34 503.42 -0.0418736 -0.116278 -1.0 -1.0 0.0833333 2021-04-30
banks balance sheet 4956440 4638440 6.86 10.37 UP UP 100 2022-06-06
money supply m2 1586770 1541660 2.93 -0.03 UP Down 98.33 2022-06-06
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget 3994 20940 -80.93 -523.54 Down UP 55 2022-05-18
government revenues 336179 322789 4.15 15.22 UP UP 100 2022-05-18
fiscal expenditure 332185 301849 10.05 13.55 UP UP 98.33 2022-05-18

Denmark’s gdp growth annual decreased to -3.7 by -53.75% on July 2020 from -8.0 in the previous Quarterly. On a year on year basis Denmark’s gdp growth annual decreased by -470.0%. Denmark’s gdp growth annual trend is down since the current value of -3.7 is lower than the 12 month moving average of 0.383333.Denmark’s inflation cpi icnreased to 0.5 by 25.0% on November 2020 from 0.4 in the previous Monthly. Denmark’s inflation cpi trend is down since the current value of 0.5 is lower than the 12 month moving average of 0.566667.Denmark’s unemployment rate decreased to 4.6 by -4.17% on October 2020 from 4.8 in the previous Monthly. On a year on year basis Denmark’s unemployment rate increased by 24.32%. Denmark’s unemployment rate trend is down since the current value of 4.6 is lower than the 12 month moving average of 4.575.Denmark’s manufacturing pmi decreased to 47.67 by -25.26% on November 2020 from 63.78 in the previous Monthly. On a year on year basis Denmark’s manufacturing pmi decreased by -10.06%. Denmark’s manufacturing pmi trend is down since the current value of 47.67 is lower than the 12 month moving average of 51.6308.Denmark’s business confidence icnreased to -10.0 by 42.86% on November 2020 from -7.0 in the previous Monthly. On a year on year basis Denmark’s business confidence increased by 66.67%. Denmark’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of -11.3333.Denmark’s consumer confidence decreased to -3.8 by -50.0% on December 2020 from -7.6 in the previous Monthly. On a year on year basis Denmark’s consumer confidence decreased by -252.0%. Denmark’s consumer confidence trend is down since the current value of -3.8 is lower than the 12 month moving average of -4.08333.

Denmark Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence -3 4 -175 -160 Down Down 41.67 2022-05-26
ESI - Economic Composite 111.9 99.1 0.129162 0.724191 1.0 1.0 1 2021-04-01
manufacturing pmi 60.7 62.8 -3.34 -7.74 Down Down 65 2022-05-26
Manufacturing sector 2 -0.3 -7.66667 -1.09479 1.0 1.0 0.3 2021-04-01
Consumer sector 8.4 3.8 1.21053 -2.52727 1.0 1.0 0.0333333 2021-04-01
Construction sector 5.8 -4.5 -2.28889 -1.19398 1.0 1.0 0.1 2021-04-01
Retail sector 8.2 -3.5 -3.34286 -1.29603 1.0 1.0 0.133333 2021-04-01
Services sector 6.5 -10.5 -1.61905 -1.18156 1.0 1.0 0.2 2021-04-01

Denmark’s business confidence icnreased to -10.0 by 42.86% on November 2020 from -7.0 in the previous Monthly. On a year on year basis Denmark’s business confidence increased by 66.67%. Denmark’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of -11.3333.Denmark’s ESI – Economic Composite decreased to 82.5 by -167.0% on January 2021 from 83.9 in the previous . On a year on year basis Denmark’s ESI – Economic Composite decreased by -1824.0%. Denmark’s ESI – Economic Composite trend is down since the current value of 82.5 is lower than the 12 month moving average of 81.0917.Denmark’s manufacturing pmi decreased to 47.67 by -25.26% on November 2020 from 63.78 in the previous Monthly. On a year on year basis Denmark’s manufacturing pmi decreased by -10.06%. Denmark’s manufacturing pmi trend is down since the current value of 47.67 is lower than the 12 month moving average of 51.6308.Denmark’s Manufacturing sector icnreased to -10.5 by 3636.0% on January 2021 from -7.7 in the previous . On a year on year basis Denmark’s Manufacturing sector increased by 6935.0%. Denmark’s Manufacturing sector trend is down since the current value of -10.5 is lower than the 12 month moving average of -11.9167.Denmark’s Consumer sector decreased to -0.8 by -15714.0% on January 2021 from 1.4 in the previous . On a year on year basis Denmark’s Consumer sector decreased by -12222.0%. Denmark’s Consumer sector trend is down since the current value of -0.8 is lower than the 12 month moving average of 0.875.Denmark’s Construction sector decreased to -7.0 by -3000.0% on January 2021 from -10.0 in the previous . On a year on year basis Denmark’s Construction sector increased by 13333.0%. Denmark’s Construction sector trend is down since the current value of -7.0 is lower than the 12 month moving average of -11.75.Denmark’s Retail sector decreased to 7.7 by -2870.0% on January 2021 from 10.8 in the previous . On a year on year basis Denmark’s Retail sector increased by 13333.0%. Denmark’s Retail sector trend is down since the current value of 7.7 is lower than the 12 month moving average of -1.275.Denmark’s Services sector decreased to -16.8 by -1016.0% on January 2021 from -18.7 in the previous . On a year on year basis Denmark’s Services sector decreased by -38000.0%. Denmark’s Services sector trend is down since the current value of -16.8 is lower than the 12 month moving average of -16.2917.

Denmark Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence -24.8 -22.4 10.71 -1178.26 Down Down 1.67 2022-06-22
car registrations 13644 11152 22.35 -19.84 Down Down 18.33 2022-06-14
Consumer - General economic situation (next 12 months) 8.3 -0.8 -11.375 -1.39151 1.0 1.0 0.283333 2021-04-01
Consumer - Financial situation (next 12 months) 15.2 11.1 0.369369 2.30435 1.0 1.0 1 2021-04-01
Consumer - Price trends (next 12 months) 30.4 27.6 0.101449 0.527638 1.0 1.0 0.9 2021-04-01
Consumer - Unemployment expectations (next 12 months) -8.7 2 -5.35 -1.21168 -1.0 -1.0 0.366667 2021-04-01
Consumer - Major purchases (next 12 months) 5.6 0.7 7 -1.53333 1.0 1.0 0.0666667 2021-04-01
Consumer - Savings (next 12 months) 46.6 41.2 0.131068 0.527869 1.0 1.0 1 2021-04-01
Consumer - Households Financial situation 35.9 35.7 0.00560224 0.296029 1.0 1.0 0.983333 2021-04-01

Denmark’s consumer confidence decreased to -3.8 by -50.0% on December 2020 from -7.6 in the previous Monthly. On a year on year basis Denmark’s consumer confidence decreased by -252.0%. Denmark’s consumer confidence trend is down since the current value of -3.8 is lower than the 12 month moving average of -4.08333.Denmark’s car registrations icnreased to 18238.0 by 20.56% on November 2020 from 15128.0 in the previous Monthly. On a year on year basis Denmark’s car registrations increased by 0.81%. Denmark’s car registrations trend is down since the current value of 18238.0 is lower than the 12 month moving average of 15977.7.Denmark’s Consumer – General economic situation (next 12 months) icnreased to -12.8 by 10645.0% on January 2021 from -6.2 in the previous . On a year on year basis Denmark’s Consumer – General economic situation (next 12 months) increased by 39231.0%. Denmark’s Consumer – General economic situation (next 12 months) trend is down since the current value of -12.8 is lower than the 12 month moving average of -6.86667.Denmark’s Consumer – Financial situation (next 12 months) decreased to 10.5 by -1600.0% on January 2021 from 12.5 in the previous . On a year on year basis Denmark’s Consumer – Financial situation (next 12 months) decreased by -2336.0%. Denmark’s Consumer – Financial situation (next 12 months) trend is down since the current value of 10.5 is lower than the 12 month moving average of 10.85.Denmark’s Consumer – Price trends (next 12 months) decreased to 19.1 by -728.0% on January 2021 from 20.6 in the previous . On a year on year basis Denmark’s Consumer – Price trends (next 12 months) decreased by -2568.0%. Denmark’s Consumer – Price trends (next 12 months) trend is down since the current value of 19.1 is lower than the 12 month moving average of 22.5417.Denmark’s Consumer – Unemployment expectations (next 12 months) icnreased to 28.2 by 3239.0% on January 2021 from 21.3 in the previous . On a year on year basis Denmark’s Consumer – Unemployment expectations (next 12 months) increased by 26623.0%. Denmark’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 28.2 is lower than the 12 month moving average of 14.675.Denmark’s Consumer – Major purchases (next 12 months) icnreased to -4.8 by 2000.0% on January 2021 from -4.0 in the previous . On a year on year basis Denmark’s Consumer – Major purchases (next 12 months) increased by 5484.0%. Denmark’s Consumer – Major purchases (next 12 months) trend is down since the current value of -4.8 is lower than the 12 month moving average of -5.51667.Denmark’s Consumer – Savings (next 12 months) icnreased to 38.3 by 580.0% on January 2021 from 36.2 in the previous . On a year on year basis Denmark’s Consumer – Savings (next 12 months) increased by 1969.0%. Denmark’s Consumer – Savings (next 12 months) trend is down since the current value of 38.3 is lower than the 12 month moving average of 35.8083.Denmark’s Consumer – Households Financial situation icnreased to 34.5 by 1022.0% on January 2021 from 31.3 in the previous . On a year on year basis Denmark’s Consumer – Households Financial situation increased by 1386.0%. Denmark’s Consumer – Households Financial situation trend is down since the current value of 34.5 is lower than the 12 month moving average of 30.7583.

Denmark Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 60.7 62.8 -3.34 -7.74 Down Down 65 2022-05-26
Manufacturing sector 2 -0.3 -7.66667 -1.09479 1.0 1.0 0.3 2021-04-01
Manufacturing - Order Books -12.5 -16.3 -0.233129 -0.487705 1.0 1.0 0.166667 2021-04-01
Manufacturing - Selling Price expectations (next months) 17.3 8.8 0.965909 -2.21831 1.0 1.0 0.266667 2021-04-01
Manufacturing - Production trend (recent months) 20.6 12.7 0.622047 -12.4444 1.0 1.0 0.0166667 2021-04-01
Manufacturing - Export Order Books -7.1 -19.4 -0.634021 -0.720472 1.0 1.0 0.0333333 2021-04-01
Manufacturing - Finished Products (Stock Levels) 4.9 4.3 0.139535 -0.683871 -1.0 -1.0 0.1 2021-04-01
Manufacturing - Production expectations (next months) 23.3 19.7 0.182741 -1.99149 1.0 1.0 0.05 2021-04-01
industrial production 17 13.8 23.19 198.25 UP UP 100 2022-06-11
industrial production mom 1.1 4.3 -74.42 -128.2 Down UP 55 2022-06-11
capacity utilization 85.9 84.9 1.18 5.66 UP UP 95 2022-05-04

Denmark’s manufacturing pmi decreased to 47.67 by -25.26% on November 2020 from 63.78 in the previous Monthly. On a year on year basis Denmark’s manufacturing pmi decreased by -10.06%. Denmark’s manufacturing pmi trend is down since the current value of 47.67 is lower than the 12 month moving average of 51.6308.Denmark’s Manufacturing sector icnreased to -10.5 by 3636.0% on January 2021 from -7.7 in the previous . On a year on year basis Denmark’s Manufacturing sector increased by 6935.0%. Denmark’s Manufacturing sector trend is down since the current value of -10.5 is lower than the 12 month moving average of -11.9167.Denmark’s Manufacturing – Order Books icnreased to -23.6 by 3111.0% on January 2021 from -18.0 in the previous . On a year on year basis Denmark’s Manufacturing – Order Books increased by 3721.0%. Denmark’s Manufacturing – Order Books trend is down since the current value of -23.6 is lower than the 12 month moving average of -22.6417.Denmark’s Manufacturing – Selling Price expectations (next months) decreased to -3.2 by -303.0% on January 2021 from -3.3 in the previous . On a year on year basis Denmark’s Manufacturing – Selling Price expectations (next months) decreased by -16274.0%. Denmark’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of -3.2 is lower than the 12 month moving average of -4.275.Denmark’s Manufacturing – Production trend (recent months) decreased to 2.7 by -16750.0% on January 2021 from -4.0 in the previous . On a year on year basis Denmark’s Manufacturing – Production trend (recent months) decreased by -16000.0%. Denmark’s Manufacturing – Production trend (recent months) trend is down since the current value of 2.7 is lower than the 12 month moving average of -7.23333.Denmark’s Manufacturing – Export Order Books icnreased to -25.5 by 3492.0% on January 2021 from -18.9 in the previous . On a year on year basis Denmark’s Manufacturing – Export Order Books increased by 5644.0%. Denmark’s Manufacturing – Export Order Books trend is down since the current value of -25.5 is lower than the 12 month moving average of -23.5.Denmark’s Manufacturing – Finished Products (Stock Levels) decreased to 8.1 by -1735.0% on January 2021 from 9.8 in the previous . On a year on year basis Denmark’s Manufacturing – Finished Products (Stock Levels) decreased by -2636.0%. Denmark’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of 8.1 is lower than the 12 month moving average of 14.1.Denmark’s Manufacturing – Production expectations (next months) decreased to 0.1 by -9783.0% on January 2021 from 4.6 in the previous . On a year on year basis Denmark’s Manufacturing – Production expectations (next months) decreased by -9896.0%. Denmark’s Manufacturing – Production expectations (next months) trend is down since the current value of 0.1 is lower than the 12 month moving average of 0.958333.Denmark’s industrial production icnreased to -10.9 by 808.33% on October 2020 from -1.2 in the previous Monthly. On a year on year basis Denmark’s industrial production decreased by -265.15%. Denmark’s industrial production trend is down since the current value of -10.9 is lower than the 12 month moving average of -6.86667.Denmark’s industrial production mom decreased to 2.3 by -53.06% on September 2020 from 4.9 in the previous Monthly. On a year on year basis Denmark’s industrial production mom decreased by -192.0%. Denmark’s industrial production mom trend is down since the current value of 2.3 is lower than the 12 month moving average of -0.283333.Denmark’s capacity utilization icnreased to 79.3 by 4.07% on April 2020 from 76.2 in the previous Quarterly. On a year on year basis Denmark’s capacity utilization increased by 0.38%. Denmark’s capacity utilization trend is down since the current value of 79.3 is lower than the 12 month moving average of 79.975.

Denmark Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Services sector 6.5 -10.5 -1.61905 -1.18156 1.0 1.0 0.2 2021-04-01
Services - Demand Expectations (next 3 months) 19.3 -0.4 -49.25 -1.3899 1.0 1.0 0.2 2021-04-01
Services - Prices expectations (next 3 months) 0.9 -7.2 -1.125 -1.04813 1.0 1.0 0.416667 2021-04-01
Services - Business activity (past 3 months) -2.7 -15.2 -0.822368 -0.905923 1.0 1.0 0.3 2021-04-01
Services - Demand (past 3 months) 2.8 -15.9 -1.1761 -1.09556 1.0 1.0 0.25 2021-04-01
Services - Employment (past 3 months) -4.6 -10.4 -0.557692 -0.792793 1.0 1.0 0.616667 2021-04-01
Services - Employment (next 3 months) 3.8 -10.8 -1.35185 -1.08837 1.0 1.0 0.55 2021-04-01

Denmark’s Services sector decreased to -16.8 by -1016.0% on January 2021 from -18.7 in the previous . On a year on year basis Denmark’s Services sector decreased by -38000.0%. Denmark’s Services sector trend is down since the current value of -16.8 is lower than the 12 month moving average of -16.2917.Denmark’s Services – Demand Expectations (next 3 months) On a year on year basis Denmark’s Services – Demand Expectations (next 3 months) decreased by -34546.0%. Denmark’s Services – Demand Expectations (next 3 months) trend is down since the current value of -16.2 is lower than the 12 month moving average of -11.1917.Denmark’s Services – Prices expectations (next 3 months) icnreased to -9.0 by 4286.0% on January 2021 from -6.3 in the previous . On a year on year basis Denmark’s Services – Prices expectations (next 3 months) increased by 215000.0%. Denmark’s Services – Prices expectations (next 3 months) trend is down since the current value of -9.0 is lower than the 12 month moving average of -6.28333.Denmark’s Services – Business activity (past 3 months) decreased to -16.2 by -1518.0% on January 2021 from -19.1 in the previous . On a year on year basis Denmark’s Services – Business activity (past 3 months) decreased by -105294.0%. Denmark’s Services – Business activity (past 3 months) trend is down since the current value of -16.2 is lower than the 12 month moving average of -17.8167.Denmark’s Services – Demand (past 3 months) decreased to -17.9 by -1394.0% on January 2021 from -20.8 in the previous . On a year on year basis Denmark’s Services – Demand (past 3 months) decreased by -34520.0%. Denmark’s Services – Demand (past 3 months) trend is down since the current value of -17.9 is lower than the 12 month moving average of -19.5333.Denmark’s Services – Employment (past 3 months) icnreased to -20.7 by 561.0% on January 2021 from -19.6 in the previous . On a year on year basis Denmark’s Services – Employment (past 3 months) decreased by -169231.0%. Denmark’s Services – Employment (past 3 months) trend is down since the current value of -20.7 is lower than the 12 month moving average of -17.4167.Denmark’s Services – Employment (next 3 months) icnreased to -17.8 by 114.0% on January 2021 from -17.6 in the previous . On a year on year basis Denmark’s Services – Employment (next 3 months) increased by 83684.0%. Denmark’s Services – Employment (next 3 months) trend is down since the current value of -17.8 is lower than the 12 month moving average of -15.0333.

Denmark Retail Sector

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector 8.2 -3.5 -3.34286 -1.29603 1.0 1.0 0.133333 2021-04-01
Retail - Orders Expectations (next 3 months) 17 -3 -6.66667 -1.44503 1.0 1.0 0.2 2021-04-01
Retail - Prices expectations (next 3 months) 4.4 -4.8 -1.91667 -1.26829 1.0 1.0 0.283333 2021-04-01
Retail - Business activity (past 3 months) 8.6 -3.6 -3.38889 -1.71074 -1.0 1.0 0.133333 2021-04-01
Retail - Stock Levels 7.8 11.2 -0.303571 -0.7 -1.0 -1.0 0.0333333 2021-04-01
Retail - Business activity expectations (next 3 months) 23.9 4.2 4.69048 -1.53229 1.0 1.0 0.1 2021-04-01
Retail - Employment expectations (next 3 months) 7.8 -2.9 -3.68966 -1.21488 1.0 1.0 0.233333 2021-04-01
retail sales 1.2 -10.6 -111.32 -87.5 Down Down 41.67 2022-05-26
retail sales MoM 1.7 -0.3 -666.67 -129.31 UP UP 88.33 2022-05-26

Denmark’s Retail sector decreased to 7.7 by -2870.0% on January 2021 from 10.8 in the previous . On a year on year basis Denmark’s Retail sector increased by 13333.0%. Denmark’s Retail sector trend is down since the current value of 7.7 is lower than the 12 month moving average of -1.275.Denmark’s Retail – Orders Expectations (next 3 months) decreased to -10.3 by -181667.0% on January 2021 from 0.6 in the previous . On a year on year basis Denmark’s Retail – Orders Expectations (next 3 months) decreased by -27759.0%. Denmark’s Retail – Orders Expectations (next 3 months) trend is down since the current value of -10.3 is lower than the 12 month moving average of -3.11667.Denmark’s Retail – Prices expectations (next 3 months) On a year on year basis Denmark’s Retail – Prices expectations (next 3 months) increased by 10000.0%. Denmark’s Retail – Prices expectations (next 3 months) trend is down since the current value of -0.4 is lower than the 12 month moving average of -3.775.Denmark’s Retail – Business activity (past 3 months) decreased to 32.9 by -408.0% on January 2021 from 34.3 in the previous . On a year on year basis Denmark’s Retail – Business activity (past 3 months) increased by 17190.0%. Denmark’s Retail – Business activity (past 3 months) trend is down since the current value of 32.9 is lower than the 12 month moving average of 5.71667.Denmark’s Retail – Stock Levels decreased to 1.6 by -7746.0% on January 2021 from 7.1 in the previous . On a year on year basis Denmark’s Retail – Stock Levels decreased by -8609.0%. Denmark’s Retail – Stock Levels trend is down since the current value of 1.6 is lower than the 12 month moving average of 10.7.Denmark’s Retail – Business activity expectations (next 3 months) decreased to -8.1 by -25283.0% on January 2021 from 5.3 in the previous . On a year on year basis Denmark’s Retail – Business activity expectations (next 3 months) decreased by -18710.0%. Denmark’s Retail – Business activity expectations (next 3 months) trend is down since the current value of -8.1 is lower than the 12 month moving average of 1.2.Denmark’s Retail – Employment expectations (next 3 months) icnreased to -5.2 by 5294.0% on January 2021 from -3.4 in the previous . On a year on year basis Denmark’s Retail – Employment expectations (next 3 months) decreased by -3158.0%. Denmark’s Retail – Employment expectations (next 3 months) trend is down since the current value of -5.2 is lower than the 12 month moving average of -9.24167.Denmark’s retail sales decreased to 6.2 by -54.74% on November 2020 from 13.7 in the previous Monthly. On a year on year basis Denmark’s retail sales increased by 416.67%. Denmark’s retail sales trend is down since the current value of 6.2 is lower than the 12 month moving average of 3.65.Denmark’s retail sales MoM decreased to -3.1 by -136.91% on November 2020 from 8.4 in the previous Monthly. On a year on year basis Denmark’s retail sales MoM increased by 342.86%. Denmark’s retail sales MoM trend is down since the current value of -3.1 is lower than the 12 month moving average of 0.825.

Denmark Construction Sector

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Construction sector 5.8 -4.5 -2.28889 -1.19398 1.0 1.0 0.1 2021-04-01
Construction - Current Order Books -3.8 -12.4 -0.693548 -0.862319 1.0 1.0 0.0166667 2021-04-01
Construction - Prices over next 3 months 4.3 -4.5 -1.95556 -1.13826 1.0 1.0 0.166667 2021-04-01
Construction - Employment over next 3 months 15.3 3.3 3.63636 -1.47516 1.0 1.0 0.15 2021-04-01
Housing Starts 3499 3281 6.64 14.5 UP UP 96.67 2022-05-15
housing index 136.45 127.84 0.0673498 0.19693 1.0 1.0 0 2021-01-01
Construction - Building Activity (past 3 months) 9 8.2 0.097561 -1.9 1.0 1.0 0.15 2021-04-01
Construction - Factors Limiting (None) 50.1 47.6 0.052521 0.274809 1.0 1.0 1 2021-04-01
Construction - Factors Limiting (Insufficient Demand) 14.1 18.8 -0.25 -0.45977 -1.0 -1.0 0.0166667 2021-04-01
Construction - Factors Limiting (Weather) 5.2 3.2 0.625 0.209302 -1.0 1.0 0.65 2021-04-01
Construction - Factors Limiting (Shortage of labour force) 29.2 25.9 0.127413 0.946667 1.0 1.0 1 2021-04-01
Construction - Factors Limiting (Shortage of material - equipment) 10 3.9 1.5641 2.0303 1.0 1.0 0.783333 2021-04-01
Construction - Factors Limiting (Other) 3.5 5.5 -0.363636 -0.396552 -1.0 -1.0 0.05 2021-04-01
Construction - Factors Limiting (Financial Constraints) 1.5 8 -0.8125 -0.933333 -1.0 -1.0 0.0166667 2021-04-01

Denmark’s Construction sector decreased to -7.0 by -3000.0% on January 2021 from -10.0 in the previous . On a year on year basis Denmark’s Construction sector increased by 13333.0%. Denmark’s Construction sector trend is down since the current value of -7.0 is lower than the 12 month moving average of -11.75.Denmark’s Construction – Current Order Books decreased to -17.0 by -1500.0% on January 2021 from -20.0 in the previous . On a year on year basis Denmark’s Construction – Current Order Books increased by 3077.0%. Denmark’s Construction – Current Order Books trend is down since the current value of -17.0 is lower than the 12 month moving average of -19.9167.Denmark’s Construction – Prices over next 3 months decreased to -8.0 by -1111.0% on January 2021 from -9.0 in the previous . On a year on year basis Denmark’s Construction – Prices over next 3 months increased by 6000.0%. Denmark’s Construction – Prices over next 3 months trend is down since the current value of -8.0 is lower than the 12 month moving average of -12.3333.Denmark’s Construction – Employment over next 3 months icnreased to 3.0 by 20000.0% on January 2021 from 1.0 in the previous . On a year on year basis Denmark’s Construction – Employment over next 3 months decreased by -5000.0%. Denmark’s Construction – Employment over next 3 months trend is down since the current value of 3.0 is lower than the 12 month moving average of -3.08333.Denmark’s Housing Starts icnreased to 2817.0 by 855.0% on January 2021 from 2595.0 in the previous Quarterly. On a year on year basis Denmark’s Housing Starts increased by 1219.0%. Denmark’s Housing Starts trend is down since the current value of 2817.0 is lower than the 12 month moving average of 2444.67.Denmark’s housing index icnreased to 120.35 by 0.59% on February 2020 from 119.64 in the previous Quarterly. On a year on year basis Denmark’s housing index increased by 8.89%. Denmark’s housing index trend is down since the current value of 120.35 is lower than the 12 month moving average of 115.732.Denmark’s Construction – Building Activity (past 3 months) decreased to -2.0 by -3333.0% on January 2021 from -3.0 in the previous . On a year on year basis Denmark’s Construction – Building Activity (past 3 months) decreased by -16667.0%. Denmark’s Construction – Building Activity (past 3 months) trend is down since the current value of -2.0 is lower than the 12 month moving average of -6.08333.Denmark’s Construction – Factors Limiting (None) decreased to 49.0 by -577.0% on January 2021 from 52.0 in the previous . On a year on year basis Denmark’s Construction – Factors Limiting (None) decreased by -577.0%. Denmark’s Construction – Factors Limiting (None) trend is down since the current value of 49.0 is lower than the 12 month moving average of 49.6667.Denmark’s Construction – Factors Limiting (Insufficient Demand) decreased to 20.0 by -476.0% on January 2021 from 21.0 in the previous . On a year on year basis Denmark’s Construction – Factors Limiting (Insufficient Demand) increased by 526.0%. Denmark’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 20.0 is lower than the 12 month moving average of 21.5833.Denmark’s Construction – Factors Limiting (Weather) icnreased to 6.0 by 2000.0% on January 2021 from 5.0 in the previous . Denmark’s Construction – Factors Limiting (Weather) trend is down since the current value of 6.0 is lower than the 12 month moving average of 7.16667.Denmark’s Construction – Factors Limiting (Shortage of labour force) icnreased to 24.0 by 2000.0% on January 2021 from 20.0 in the previous . On a year on year basis Denmark’s Construction – Factors Limiting (Shortage of labour force) increased by 909.0%. Denmark’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 24.0 is lower than the 12 month moving average of 19.0.Denmark’s Construction – Factors Limiting (Shortage of material / equipment) icnreased to 2.0 by 10000.0% on January 2021 from 1.0 in the previous . On a year on year basis Denmark’s Construction – Factors Limiting (Shortage of material / equipment) increased by 10000.0%. Denmark’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of 2.0 is lower than the 12 month moving average of 1.66667.Denmark’s Construction – Factors Limiting (Other) On a year on year basis Denmark’s Construction – Factors Limiting (Other) decreased by -2000.0%. Denmark’s Construction – Factors Limiting (Other) trend is down since the current value of 4.0 is lower than the 12 month moving average of 5.08333.Denmark’s Construction – Factors Limiting (Financial Constraints) icnreased to 9.0 by 5000.0% on January 2021 from 6.0 in the previous . On a year on year basis Denmark’s Construction – Factors Limiting (Financial Constraints) increased by 12500.0%. Denmark’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 9.0 is lower than the 12 month moving average of 8.33333.

Denmark GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 565725 555074 1.92 6.62 UP UP 100 2022-06-06
gdp growth annual 6.8 3.8 78.95 240 UP UP 98.33 2022-04-29
gdp 355.18 348.08 0.0203976 0.00515055 1.0 1.0 0 2020-01-31
gdp growth -0.1 3 -103.33 -116.67 Down Down 30 2022-05-15

Denmark’s Real GDP icnreased to 519343.0 by 6.03% on March 2020 from 489789.0 in the previous Quarterly. On a year on year basis Denmark’s Real GDP increased by 3.79%. Denmark’s Real GDP trend is down since the current value of 519343.0 is lower than the 12 month moving average of 517006.0.Denmark’s gdp growth annual decreased to -3.7 by -53.75% on July 2020 from -8.0 in the previous Quarterly. On a year on year basis Denmark’s gdp growth annual decreased by -470.0%. Denmark’s gdp growth annual trend is down since the current value of -3.7 is lower than the 12 month moving average of 0.383333.Denmark’s gdp decreased to 348.08 by -2.14% on January 2019 from 355.68 in the previous Yearly. On a year on year basis Denmark’s gdp increased by 8.97%. Denmark’s gdp trend is down since the current value of 348.08 is lower than the 12 month moving average of 334.441.Denmark’s gdp growth decreased to 5.2 by -173.24% on July 2020 from -7.1 in the previous Quarterly. On a year on year basis Denmark’s gdp growth decreased by -677.78%. Denmark’s gdp growth trend is down since the current value of 5.2 is lower than the 12 month moving average of 0.191667.


Denmark inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 6.7 5.4 24.07 346.67 UP UP 100 2022-05-04
core inflation rate 3.6 3.2 12.5 300 UP UP 100 2022-05-26
consumer price index cpi 112.7 111.7 0.9 7.44 UP UP 100 2022-06-14
Producer Price Index 149.1 146.9 1.5 37.29 UP UP 100 2022-06-22
PPI Index 11.8 8.7 35.63 -1411.11 UP UP 100 2022-05-18

Denmark’s inflation cpi icnreased to 0.5 by 25.0% on November 2020 from 0.4 in the previous Monthly. Denmark’s inflation cpi trend is down since the current value of 0.5 is lower than the 12 month moving average of 0.566667.Denmark’s core inflation rate decreased to 0.9 by -10.0% on October 2020 from 1.0 in the previous Monthly. On a year on year basis Denmark’s core inflation rate increased by 12.5%. Denmark’s core inflation rate trend is down since the current value of 0.9 is lower than the 12 month moving average of 0.833333.Denmark’s consumer price index cpi decreased to 103.6 by -0.1% on November 2020 from 103.7 in the previous Monthly. On a year on year basis Denmark’s consumer price index cpi increased by 0.48%. Denmark’s consumer price index cpi trend is down since the current value of 103.6 is lower than the 12 month moving average of 103.392.Denmark’s Producer Price Index icnreased to 102.1 by 0.59% on November 2020 from 101.5 in the previous Monthly. On a year on year basis Denmark’s Producer Price Index decreased by -2.58%. Denmark’s Producer Price Index trend is down since the current value of 102.1 is lower than the 12 month moving average of 102.05.Denmark’s PPI Index icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Denmark’s PPI Index decreased by -200.0%. Denmark’s PPI Index trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0416667.


Denmark Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget 2.3 -0.2 -1250 -182.14 UP UP 0 2022-05-04
Government budget 3994 20940 -80.93 -523.54 Down UP 55 2022-05-18
government revenues 336179 322789 4.15 15.22 UP UP 100 2022-05-18
fiscal expenditure 332185 301849 10.05 13.55 UP UP 98.33 2022-05-18

Denmark’s Government budget decreased to -734.0 by -104.38% on January 2020 from 16775.0 in the previous Quarterly. On a year on year basis Denmark’s Government budget decreased by -106.39%. Denmark’s Government budget trend is down since the current value of -734.0 is lower than the 12 month moving average of 9972.5.Denmark’s government revenues decreased to 293612.0 by -5.62% on January 2020 from 311106.0 in the previous Quarterly. On a year on year basis Denmark’s government revenues increased by 5.12%. Denmark’s government revenues trend is down since the current value of 293612.0 is lower than the 12 month moving average of 294754.0.Denmark’s fiscal expenditure icnreased to 294346.0 by 0.01% on January 2020 from 294331.0 in the previous Quarterly. On a year on year basis Denmark’s fiscal expenditure increased by 7.28%. Denmark’s fiscal expenditure trend is down since the current value of 294346.0 is lower than the 12 month moving average of 283780.0.

Denmark Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.6 -0.75 -0.2 -0.0769231 1.0 1.0 0.0166667 2020-03-19
central bank balance sheet 482.34 503.42 -0.0418736 -0.116278 -1.0 -1.0 0.0833333 2021-04-30
banks balance sheet 4956440 4638440 6.86 10.37 UP UP 100 2022-06-06
money supply m0 71470.2 70896.1 0.81 0.47 UP UP 93.33 2022-06-06
money supply m1 1512260 1460380 3.55 -0.23 UP Down 98.33 2022-06-06
money supply m2 1586770 1541660 2.93 -0.03 UP Down 98.33 2022-06-06
money supply m3 1680690 1640700 2.44 -0.67 UP Down 95 2022-06-06

Denmark’s interest rate decreased to -0.6 by -20.0% on March 2020 from -0.75 in the previous Daily. On a year on year basis Denmark’s interest rate decreased by -7.69%. Denmark’s interest rate trend is down since the current value of -0.6 is lower than the 12 month moving average of -0.670833.Denmark’s central bank balance sheet decreased to 500.48 by -0.46% on October 2020 from 502.81 in the previous Monthly. On a year on year basis Denmark’s central bank balance sheet increased by 3.36%. Denmark’s central bank balance sheet trend is down since the current value of 500.48 is lower than the 12 month moving average of 499.53.Denmark’s banks balance sheet decreased to 4655510.0 by -0.8% on October 2020 from 4692850.0 in the previous Monthly. On a year on year basis Denmark’s banks balance sheet increased by 6.03%. Denmark’s banks balance sheet trend is down since the current value of 4655510.0 is lower than the 12 month moving average of 4572760.0.Denmark’s money supply m2 icnreased to 1522720.0 by 2.7% on October 2020 from 1482680.0 in the previous Monthly. On a year on year basis Denmark’s money supply m2 increased by 8.73%. Denmark’s money supply m2 trend is down since the current value of 1522720.0 is lower than the 12 month moving average of 1451480.0.


Denmark Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 114.9 96 0.196875 1.54204 1.0 1.0 1 2021-04-01
unemployment rate 4 4.5 -0.111111 -0.272727 -1.0 -1.0 0.0166667 2021-05-31
youth unemployment rate 8.2 10.3 -20.39 -36.43 Down Down 3.33 2022-06-06
long term unemployment rate 1.2 1 0.2 -0.0769231 1.0 -1.0 0.666667 2021-01-01

Denmark’s EEI – Employment Composite decreased to 78.9 by -247.0% on January 2021 from 80.9 in the previous . On a year on year basis Denmark’s EEI – Employment Composite decreased by -1858.0%. Denmark’s EEI – Employment Composite trend is down since the current value of 78.9 is lower than the 12 month moving average of 78.4667.Denmark’s unemployment rate decreased to 4.6 by -4.17% on October 2020 from 4.8 in the previous Monthly. On a year on year basis Denmark’s unemployment rate increased by 24.32%. Denmark’s unemployment rate trend is down since the current value of 4.6 is lower than the 12 month moving average of 4.575.Denmark’s youth unemployment rate icnreased to 12.3 by 0.82% on October 2020 from 12.2 in the previous Monthly. On a year on year basis Denmark’s youth unemployment rate increased by 16.04%. Denmark’s youth unemployment rate trend is down since the current value of 12.3 is lower than the 12 month moving average of 11.2083.Denmark’s long term unemployment rate icnreased to 1.0 by 11.11% on November 2019 from 0.9 in the previous Quarterly. On a year on year basis Denmark’s long term unemployment rate decreased by -37.5%. Denmark’s long term unemployment rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 1.00833.


Denmark Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 19100 25300 -24.51 71.89 UP UP 80 2022-06-11
current account to gdp 7.8 8.9 -0.123596 1.68966 1.0 1.0 0 2020-01-31
exports 145780 149361 -2.4 26.5 UP UP 98.33 2022-06-11
imports 132136 128418 2.9 23.18 UP UP 100 2022-06-11
balance of trade 13643.6 20943.5 -34.86 71.17 Down UP 80 2022-06-11
capital flows 351.8 614.4 -42.74 2606.15 Down UP 86.67 2022-06-14
foreign direct investment -4.9 14.2 -134.51 -140.5 Down Down 26.67 2022-05-23

Denmark’s current account decreased to 13565.0 by -31.97% on October 2020 from 19940.0 in the previous Monthly. On a year on year basis Denmark’s current account decreased by -50.18%. Denmark’s current account trend is down since the current value of 13565.0 is lower than the 12 month moving average of 22260.1.Denmark’s current account to gdp icnreased to 7.9 by 29.51% on January 2019 from 6.1 in the previous Yearly. On a year on year basis Denmark’s current account to gdp increased by 464.29%. Denmark’s current account to gdp trend is down since the current value of 7.9 is lower than the 12 month moving average of 6.725.Denmark’s exports decreased to 59103.0 by -7.08% on October 2020 from 63604.3 in the previous Monthly. On a year on year basis Denmark’s exports decreased by -11.28%. Denmark’s exports trend is down since the current value of 59103.0 is lower than the 12 month moving average of 58415.3.Denmark’s imports decreased to 54668.8 by -0.99% on October 2020 from 55213.5 in the previous Monthly. On a year on year basis Denmark’s imports decreased by -7.85%. Denmark’s imports trend is down since the current value of 54668.8 is lower than the 12 month moving average of 51627.8.Denmark’s balance of trade decreased to 4434.2 by -47.15% on October 2020 from 8390.8 in the previous Monthly. On a year on year basis Denmark’s balance of trade decreased by -39.16%. Denmark’s balance of trade trend is down since the current value of 4434.2 is lower than the 12 month moving average of 6787.49.Denmark’s capital flows decreased to 49.0 by -25.76% on September 2020 from 66.0 in the previous Monthly. On a year on year basis Denmark’s capital flows increased by 4.26%. Denmark’s capital flows trend is down since the current value of 49.0 is lower than the 12 month moving average of 60.0.Denmark’s foreign direct investment decreased to 699.8 by -3.65% on January 2018 from 726.3 in the previous Yearly. On a year on year basis Denmark’s foreign direct investment increased by 34.22%. Denmark’s foreign direct investment trend is down since the current value of 699.8 is lower than the 12 month moving average of 596.433.

 

Denmark Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 534000 535100 -0.21 16.44 UP UP 93.33 2022-05-26
gold reserves 66.55 66.55 0 0 1.0 -1.0 0.6 2020-08-01

Denmark’s foreign exchange reserves decreased to 456400.0 by -1.09% on November 2020 from 461437.0 in the previous Monthly. On a year on year basis Denmark’s foreign exchange reserves increased by 3.56%. Denmark’s foreign exchange reserves trend is down since the current value of 456400.0 is lower than the 12 month moving average of 442489.0.Denmark’s gold reserves icnreased to 66.55 by 0.08% on July 2020 from 66.5 in the previous Quarterly. Denmark’s gold reserves trend is down since the current value of 66.55 is lower than the 12 month moving average of 66.5167.Denmark’s government debt decreased to 833.32 by -0.52% on November 2020 from 837.67 in the previous Monthly. On a year on year basis Denmark’s government debt increased by 32.85%. Denmark’s government debt trend is down since the current value of 833.32 is lower than the 12 month moving average of 736.511.Denmark’s government debt to gdp decreased to 33.2 by -2.06% on January 2019 from 33.9 in the previous Yearly. On a year on year basis Denmark’s government debt to gdp increased by 21.61%. Denmark’s government debt to gdp trend is down since the current value of 33.2 is lower than the 12 month moving average of 39.7083.Denmark’s external debt icnreased to 96853.0 by 8.49% on May 2020 from 89273.0 in the previous Monthly. On a year on year basis Denmark’s external debt increased by 11007.0%. Denmark’s external debt trend is down since the current value of 96853.0 is lower than the 12 month moving average of 16700.8.

Denmark Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 668.26 671.37 -0.46 -14.69 Down Down 41.67 2022-06-24
government debt to gdp 36.7 42.1 -12.83 -9.16 Down Down 0 2022-04-29
external debt 17448 17450 -0.01 -75.82 Down Down 63.33 2022-05-18

Denmark’s government debt decreased to 833.32 by -0.52% on November 2020 from 837.67 in the previous Monthly. On a year on year basis Denmark’s government debt increased by 32.85%. Denmark’s government debt trend is down since the current value of 833.32 is lower than the 12 month moving average of 736.511.Denmark’s government debt to gdp decreased to 33.2 by -2.06% on January 2019 from 33.9 in the previous Yearly. On a year on year basis Denmark’s government debt to gdp increased by 21.61%. Denmark’s government debt to gdp trend is down since the current value of 33.2 is lower than the 12 month moving average of 39.7083.Denmark’s external debt icnreased to 96853.0 by 8.49% on May 2020 from 89273.0 in the previous Monthly. On a year on year basis Denmark’s external debt increased by 11007.0%. Denmark’s external debt trend is down since the current value of 96853.0 is lower than the 12 month moving average of 16700.8.


Denmark Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.21 -0.21 0 0 -1.0 -1.0 0.716667 2021-04-27
loans to private sector 443.29 428.19 3.53 25.66 UP UP 100 2022-06-06

Denmark’s interbank rate On a year on year basis Denmark’s interbank rate increased by 0.46%. Denmark’s interbank rate trend is down since the current value of -0.433 is lower than the 12 month moving average of -0.436.Denmark’s loans to private sector decreased to 347.22 by -1.14% on October 2020 from 351.23 in the previous Monthly. On a year on year basis Denmark’s loans to private sector decreased by -4.06%. Denmark’s loans to private sector trend is down since the current value of 347.22 is lower than the 12 month moving average of 357.51.

 

Denmark macroeconomic model analysis

The two most important economic indicators of the Denmark economy are real economic growth expectations and inflation. MacroVar uses Denmark Manufacturing ESI Order Books to gauge economic growth expectations and Denmark Manufacturing ESI Selling Price expectations of next months to gauge inflation expectations. Denmark’s economy is healthy when it generates stable economic growth with low inflation. Policymakers (the government and the central bank) use fiscal and monetary policy to inject liquidity during slowdowns (to solve weak economic growth) and withdraw liquidity from an overheating economy (to solve high inflation).

The four economic environments

There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations as explained in the diagram below.
MacroVar Growth Inflation Model

  • Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
  • Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
  • Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
  • Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish
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