Financial crisis a memory, Danish industry production hits record high

The industrial production index rose by 6.6 percent in November to 124.7, beating an earlier record of 122.0 from April 2008. It has shown a positive trend since bottoming out at 89.5 in 2009. "This and many other indicators signal that the recovery in Denmark is moving up a gear. This means bright prospects for jobs and incomes, but it also increases the risk that it will suddenly go to too fast, resulting in a new crisis," Danske Bank's chief economist Las Olsen warned. The near-term outlook for the Danish manufacturing industry improved in December, suggesting that industrial production will continue to rise. The Confederation of Danish Enterprises said, however, that production growth could be held back by Denmark's weakened wage competitiveness and by a global trend towards more protectionism. (Mail Online UK)



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