Signs of slowdown start to appear in Danish industrial production: report

Source: Xinhua| 2019-10-08 16:46:28|Editor: xuxin
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COPENHAGEN, Oct. 8 (Xinhua) -- The global downturn is starting to show signs of affecting Danish industrial production.

In the period from June to August, industrial production fell by 1.6 percent from the previous three months, according to Statistics Denmark in a report released Monday.

The fall is being seen by analysts as a possible indication that the slowdown already seen in the European industry since the start of 2018 is now making an impact on production in Denmark.

The overall manufacturing index for the Danish industry also fell by 1.1 percent in August.

"German industry is already moving deeper into recession, and Sweden is heading down into recession territory. This may mean that employment in Denmark's domestic industry may start to decline," said Tore Stramer, chief economist at Dansk Erhverv, one of Denmark's largest business and employer organizations, speaking with Denmark's DR TV News on Monday.

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