Danish PMI not greatly increased but points to growth


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Monday, 01 August 2011
Danish PMI fell in July, rose by 6.7 percentage points to 55.3 of the index. This index is below the average for the second quarter.
According to the breakdown by the Danish Purchasing and Logistics Forum (DILF), the index indicates further growth in industrial activity.


DILF suggest that Danish PMI has now been above the neutral level of 50, 19 consecutive months.
The underlying index have seen the following changes: - new orders index fell from 61.1 to 57.9 - Index of production rose from 63.9 to 66.2 - Indices of employment rose from 53.4 to 58.8 - Index of the delivery fell from 61.3 to 50.1 - Index of the stock rose from 33.7 to 43.7.

Danish PMI differs from industrial confidence indicator from Statistics Denmark which base its own view on issues of corporate current situation and not on future expectations. Indices are calculated, so one gets an index between 0 and 100 (half of the neutral percentage. plus the positive percentage...) If the index above 50 indicates expansion in the economy.
By Team

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