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Key indicators: The arrow is still pointing in the right direction for Danish industrial production

Industrial production dropped slightly in March, but the past three months still show healthy growth overall.

DI is pleased that industrial production has increased over the past three months despite the strengthened Danish krone but fears a future labour shortage.

“When we move outside the bigger cities, it is very much the manufacturers who serve as local drivers of growth. One of the most important factors determining whether we experience prosperity throughout the entire country is whether or not industrial production is on the rise. It is therefore good news that industrial production has increased over the past three months,” says Director Kent Damsgaard, the Confederation of Danish Industry.

“During the past three months, goods exports have fallen by 1.3%, which has been slightly worrying. Hence, it is pleasing that today’s data suggests that manufacturers have had their cogs greased and their order books filled up, despite the strengthening of the Danish krone,” says Director Kent Damsgaard, DI.

“Never before have we seen so many people in jobs here at home, and now it’s about ensuring that the good times last. It will therefore be crucial that businesses are able to find enough workers for their production. This is becoming more and more difficult, and it could end up putting a damper on progress,” says Director Kent Damsgaard.

Danish manufacturers hit the brakes slightly in March, where production fell by 0.4%. The past three months, there has been an increase of 1.3%.

When we move outside the bigger cities, it is very much the manufacturers who serve as local drivers of growth.
DIRECTOR KENT DAMSGAARD, DI.
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PUBLISHED: 5/9/2018 LAST MODIFIED: 5/9/2018