CPH Post

Business

Multi-billion kroner boost in surplus could signal slow recovery

Figures strengthen the currency but indicate an absence of investment


The increased surplus is particularly due to an increase in exports in the period (Photo: Colourbox)

July 9, 2014
11:57

by Philip Tees


Denmark’s balance of payments shows a surplus of 13.3 billion kroner in May, 4.4 billion kroner up on April but more or less unchanged compared to May 2013, according to figures from the national statistics office, Danmarks Statistik.

The increased surplus is particularly due to an increase in exports in the period.

Investing too little?
Børsen business newspaper reports that the surplus will contribute to strengthening the krone and keeping interest rates down.

However, according to commentators, the increase in surplus – the difference between how much the country saves and how much it invests – is not necessarily a completely positive thing.

Mikkel Høegh, the chief economist at the think-tank Europa, told Børsen that it could be a sign that we are investing too little. “It’s thought-provoking at a time when there’s a need to invest in order for the economy to completely come out of the crisis,” he said.

“All in all, it would be good for the Danish economy if looking forward the surplus were to fall a bit. That would both be a sign that consumers are willing to spend some money and an increasing willingness to invest.”



Related stories



Latest Comments

Encoding is broken.

(Jon Ask Jacobsen on October 23, 2014 10:14)

I know a few Danes that were deported from the states so i support this. ;-)

(Juliousbass "the Future of Bass" on October 22, 2014 21:00)

Culture vultures

(Juliousbass "the Future of Bass" on October 22, 2014 20:55)

This is so cool. Funerals with the horse drawn hearses are always so sad &...

(Buzzy Sørensen on October 22, 2014 15:39)

Fraud seems to be an integral part of the Vestas business model. Allegations...

(Bill Jones on October 22, 2014 14:05)

This Brit has a long way to go before he is integrated in Denmark, and...

(Nicholas Gunder on October 22, 2014 13:43)

He has to defend a 12000 DKK spend? That is a joke.

(Andrei Grigorian on October 22, 2014 12:50)

I am against the new rules . It will destroy lots of green card holders life

(Sumon Das on October 22, 2014 10:54)

Of course Denmark wants 'cash-free' transactions. This will reduce or...

(Calvin Bernhardt on October 22, 2014 10:32)

Ebola is a serious threat to the health and well-being of people aroubd the...

(Calvin Bernhardt on October 22, 2014 10:26)