Monday, the Statistics Denmark said the country's current account balance swung to a deficit of DKK 1 billion in March from a surplus of DKK 1.3 billion in February. However, the deficit narrowed from a DKK 7.2 billion shortfall recorded in the previous year.

During the first three months of the year, the current account balance was a deficit of DKK 3.1 billion.

Separately, the statistical office said exports excluding ships dropped 2.8% month-on-month in March, while imports fell 5.4%. The trade balance was a surplus of DKK 3.8 billion, up from DKK 2.9 billion in February.

Total exports fell 2.7% month-on-month, while imports declined 5.9%, giving a trade surplus of DKK 3.2 billion, up from DKK 2 billion surplus in February.

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