According to Statistics Denmark, 71.4% of Danish industrial companies report being affected to some extent by the most recent U.S. tariffs on imported goods. Despite these challenges, few companies anticipate a severe impact: only 3.6% expect very negative effects, while 25.8% foresee moderate impact and 41.8% a minor effect. A negligible 0.1% anticipate a positive outcome.
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Companies are taking a cautious approach toward investment and market strategies. Of the 57.6% whose investment plans are impacted, most (90%) have not yet changed their plans, while a small share plans to increase (6%) or reduce (4%) U.S. investments. Regarding market strategies, 30.1% are considering adjustments, and 7.1% have implemented changes.
Overall business confidence in Denmark remains stable at 103.5, marginally up from August's 103.3. However, shifts across sectors are notable: manufacturing confidence fell sharply to 92.0, its lowest since September 2023, while retail rose significantly to 105.9, and services increased to 107.9, reflecting ongoing resilience in consumer-facing industries. Construction held steady near 100.
The barometer indicates a cautious but steady climate, with industrial companies monitoring U.S. trade developments while maintaining confidence in broader economic conditions.
More information:
Danmarks Statistik
www.dst.dk
