Handsome start for industrial production in 2012
13 March 2012
Recent figures from Statistics Denmark show a 1.8 percent increase in Danish industrial production from December 2011 to January 2012, writes the Herning Folkeblad newspaper.
Industrial production has had a good start to the new year so far, which has positive spill-over effects for the overall Danish economy.
- The continuing improvement in industrial production bodes well for the Danish economy. Industry is not as big a part of the economic picture as it used to be, but nonetheless the sector has great importance for other business sectors such as transport and engross . These figures are a little boost in the right direction for growth and employment, says Bo Sandberg, Chief Economist at the Danish Chamber of Commerce.
- The progress in the current industry statistics is specifically linked to investment, particularly in wind turbine production amongst other things. But if we look at the figures for the past three months, there is very tangible evidence that consumption is on the rise again, given that sales of both durable and non-durable goods increased from November to January, elaborates Bo Sandberg.