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Danish GDP grows 0.2 pct in Q2

Xinhua, August 31, 2015 Adjust font size:

Denmark's gross domestic product (GDP) rose to 495.6 billion Danish kroner (about 74.3 billion U.S. dollars) in the second quarter of 2015, up 0.2 percent from the previous quarter, official data showed Monday.

There were small positive contributions from production in such industries as construction, mining and quarrying, said Danmarks Statistik, the national statistical agency.

Moreover, GDP grew by 1.7 percent in the first six months of 2015, as compared with the same period last year, the agency said.

The relatively high half-year growth should be seen as a result of a high level of activity towards the end of 2014 and good growth in the first quarter of 2015, Danmarks Statistik added.

This is the eighth consecutive quarter of positive growth and economists here believe it is positive signs for the Danish economy.

"It is very rare with such a long unbroken period of growth. In fact, there are only two periods of comparable long or longer unbroken growth since 1990," Steen Bocian, chief economist at Denmark's Danish Bank, was quoted as saying.

The first period was the third quarter of 1998 to the fourth quarter of 2000. The second was from the third quarter 1995 to the second quarter 1997. (1 U.S. dollar = 6.67 Danish kroner) Endit