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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
DenmarkDenmark Business Confidence climbed to 99.2% in July 2026
FMPMonthlyReleased July 2026
Denmark Business Confidence climbed to 99.2% in July 2026, up 8.5% from June's 90.7% reading. The print exceeded the 90.1% consensus by 9.1%. The print is running well above the 12-month average of 94.34%. Over the past 3 months, Business Confidence averaged 92.15%, vs 95.73% in the prior 3-month window. The reading is in the 72nd percentile of the trailing 24-month range.
Latest Release
99.2
Actual
90.1
Consensus
90.7
Previous
Median Absolute Error
±2.7 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 88.55
Actual: 99.2
Error: -10.65
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.56 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.50 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.50 | CRYPTO | Moves with | → View |
| Euro STOXX 50 | ▼ Inverse | −0.32 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.32 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Business Confidence (Denmark) was reported at 99.2% in July 2026. This beat the market consensus of 90.1% by 9.1%. The reading rose from the previous value of 90.7%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 93.33%, ranging from 89% to 99.9% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 94.5%, up from the prior three at 92.2%. Volatility over the past year (σ 3.42%) is lower than the prior year (σ 49.72%). In July readings over the past 3 years, Business Confidence has averaged 66.03%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 2.7%.
WHAT TO WATCH NEXT
The next release is scheduled for August 21, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Business Confidence - DK
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About Business Confidence — Denmark
DEFINITION
Business Confidence is a financial indicator that measures the level of optimism or pessimism among business owners and managers about the current and future state of the economy. It is often used as a gauge of overall economic health and can impact investment decisions, hiring practices, and consumer spending. A high level of business confidence indicates a positive outlook and potential for growth, while a low level may signal caution and potential economic downturn. This indicator is closely monitored by economists, policymakers, and investors to assess the overall sentiment and potential direction of the business sector.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 99.2 %, consensus 90.1 %. Prior reading (Jun 2026): 90.8 %. Before that (May 2026): 93.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.56) — a useful reference for index-focused traders.
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