Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Denmark
BVCICP02DKM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-6.25%
Date Range
4/1/2000 - 6/1/2025
Summary
The Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Denmark tracks the overall confidence and expectations of service sector businesses in Denmark.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator provides insight into the current and future economic conditions within Denmark's service industry, which is a crucial component of the country's economy. It is widely used by economists and policymakers to assess the health and trajectory of the Danish economy.
Methodology
The data is collected through surveys of service businesses in Denmark.
Historical Context
Trends in this indicator inform economic policy decisions and market analysis.
Key Facts
- Denmark's service sector accounts for over 70% of its GDP.
- This indicator is released monthly by the Organisation for Economic Co-operation and Development (OECD).
- Positive trends in the composite business confidence index often precede economic growth in Denmark.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the overall confidence and expectations of service sector businesses in Denmark, providing insight into the current and future economic conditions within the country's service industry.
Q: Why is this trend relevant for users or analysts?
A: As the service sector is a crucial component of Denmark's economy, trends in this indicator are closely monitored by economists and policymakers to assess the health and trajectory of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of service businesses in Denmark.
Q: How is this trend used in economic policy?
A: Trends in this indicator inform economic policy decisions and market analysis in Denmark and other countries.
Q: Are there update delays or limitations?
A: This indicator is released monthly by the OECD, with minimal delays in data availability.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark
DNKCPGRLH01GYM
Harmonized Index of Consumer Prices: Purchase of Vehicles for Denmark
CP0710DKM086NEST
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Denmark
LFEM25MADKA647N
Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Denmark
DNKCPHP0900GPM
Number of Bank Branches for Denmark
DDAI02DKA643NWDB
Consumer Price Index: Housing for Denmark
DNKCPIHOUMINMEI
Citation
U.S. Federal Reserve, Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Denmark (BVCICP02DKM460S), retrieved from FRED.