FX.co ★ Danish Business Morale Lowest in 2 Years

In September 2025, Denmark witnessed a decline in its manufacturing confidence indicator, which fell to 92.0 from a three-month high of 99.9 in August. This decrease marks the first drop observed since May and is below the historical average of 100, reaching its lowest point since September 2023. The downturn can be largely attributed to a significant dip in household sentiment regarding production, which plummeted to 9 from 29 in August, reflecting a less positive outlook. Concurrently, expectations regarding employment took a steep dive, falling to -15 from 11, marking the first negative territory in four months. This shift indicates a growing lack of confidence in labor market conditions within the manufacturing industry.