Danish manufacturing expanded at a slower pace in November as growth in orders and production moderated.
The Purchasing Managers’ Index slipped to 51.5 from a revised 54.8 in October, the Copenhagen-based Danish Purchasing and Logistics Forum said today in an e-mailed report. A reading above 50 signals expansion. It was the sixth consecutive month the index has shown an expansion.
“Danish industrial activity continues to show generally healthy growth conditions,” the forum said in the report. “The economic crisis however still presents worrying challenges that are reflected in uncertain and fluctuating levels of growth.”
The PMI sub-index for new orders fell to 53.3 from 55.9 in the month, while the gauge measuring production fell to 55.1 from 59.5, the forum said.
Denmark’s economy grew an annual 3 percent in the third quarter, Statistics Denmark said yesterday. Exports rose 4.6 percent, while consumer spending increased 2 percent.
The PMI index is based on a survey of purchasing managers at companies representing about 10 percent of Denmark’s industrial production. The forum started compiling data in January 1994.