Denmark’s industrial outlook index fell 1.3 points to 97.9 in August 2025 from a revised 99.2 in July, according to Statistics Denmark. The survey measures manufacturers’ expectations for production, orders and employment over the next three months. Weaker production expectations and a slight deterioration in domestic and export order books drove the decline. The index remained above the 2024 average of 96.5 and near its long-term average, suggesting moderate expansion rather than contraction, but the slowdown may foreshadow softer industrial output, investment and hiring. Manufacturing accounts for roughly 15% of Denmark’s GDP, making the trend relevant to policymakers ahead of 2026 budget negotiations.