Denmark’s economy grew more strongly than initially estimated in the second quarter, revised official data showed on Wednesday.
Gross domestic product (GDP) rose 0.9% from the previous quarter, according to Statistics Denmark, a significant upward revision from an initial estimate of 0.3%.
Growth nevertheless slowed from the 1.7% recorded in the first quarter.
Household and government consumption were unchanged from the previous quarter, while gross fixed capital formation rose 1.5%, driven by increased investment in intellectual property rights, construction and civil engineering.
Exports increased by 1.5%, while imports rose 1.8%.
Compared with the same quarter last year, the economy grew 5.7%, slowing from 6.2% in the first quarter. The second-quarter figure was revised up from an earlier estimate of 4.6%.
Separate official data showed that Denmark’s gross unemployment rate remained unchanged at 3.1% in August, while the net unemployment rate was also stable at 2.7%.
