Commentary

Denmark likely to expect current account surplus of DKK11.5bn in January

Denmark's current account surplus is expected to be of around DKK11.5bn in January, which is not far off December's DKK12.0bn. The surplus is driven both by a large trade balance surplus and net income from abroad. The l…

By Peter FrederickMar 11, 2015, 8:12 AM UTC

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Denmark's current account surplus is expected to be of around DKK11.5bn in January, which is not far off December's DKK12.0bn.
The surplus is driven both by a large trade balance surplus and net income from abroad. The large current account surplus helps to explain the appreciation pressure on the DKK.

Danske Bank notes in a report on Wednesday:

We expect the trade surplus excluding vessels and aircraft to be almost unchanged at DKK6.2bn in January against DKK6.3bn in December.

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