The Danish economy expanded by 1.5% quarter-on-quarter in the first quarter of 2026, falling short of initial estimates for a 1.9% growth but accelerating from a 0.5% expansion in the previous period. Despite the revision, the growth remained broad-based, with sectors beyond pharmaceuticals, including trade and transportation, contributing to the economy. Key driver was also stronger net trade, as exports rose 1.9% (vs 0.1% in Q4), while imports fell 1.5% (vs 0.5%). Household spending matched the previous quarter at 0.6%, supported by higher vehicle purchases as well as increased spending on clothing, footwear, and transport services. Meanwhile, government spending contracted sharply by 4.3% (vs 5.0%), while fixed investment fell 3.8% (vs 1.6%), weighed down primarily by declines in construction and civil engineering. On an annual basis, the economy grew by 6.2%, marking the strongest since Q4 2021, higher than initial estimates of 5.9% and the upwardly revised 3.2% expansion in Q4.