Denmark: Manufacturing activity growth slows in February
Manufacturing output expanded a seasonally-adjusted month-on-month 1.0% in February, moderating from January’s 1.3% increase. Looking at the details of the release, February’s slowdown was largely driven by a softer expansion in the manufacture of non-durable goods, and a decline of activity in the intermediate industry.
On an annual basis, manufacturing output rose 12.8% in seasonally-adjusted terms in February, which was above January’s 8.5% increased and marked a four-month high. Consequently, annual average manufacturing production growth rose to 10.2% in February (January: 9.2%). This signals an improving trend in the manufacturing sector.