empty
 
 

2017.11.3005:58:00UTC+00Danish Economy Contracts In Q3

Denmark's economy contracted in the three months ended September, after expanding in the previous seven quarters, preliminary figures from Statistics Denmark showed Thursday.

Gross domestic product declined a seasonally and price adjusted 0.6 percent sequentially in the third quarter, reversing a 0.6 percent rise in the second quarter.

In the first quarter of this year, the rate of expansion was 0.7 percent.

The contraction in the third quarter was characterized by a decrease in household consumption, in particular the purchase of vehicles fell.

There was also a decline in industrial production and exports during the September quarter.

On a yearly basis, the rate of growth for the economy in the third quarter was 1.3 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback