Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark
Quarterly
DNKCP040000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.77
Year-over-Year Change
11.88%
Date Range
1/1/2000 - 10/1/2023
Summary
The Quarterly trend measures changes in consumption of durable goods in Denmark on a quarterly basis. It is a key indicator of consumer demand and economic activity.
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
The Quarterly trend tracks the index of durable goods consumption in Denmark, which includes household purchases of items like furniture, appliances, and electronics. This metric provides insight into consumer spending patterns and the overall health of the Danish economy.
Methodology
The data is collected through surveys of Danish households and businesses.
Historical Context
Policymakers and analysts use this trend to assess consumer confidence and make decisions about fiscal and monetary policies.
Key Facts
- Denmark is a major European economy with a GDP of over $350 billion.
- Durable goods account for around 20% of total consumer spending in Denmark.
- Quarterly durable goods consumption is a leading indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures changes in the index of durable goods consumption in Denmark on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Durable goods consumption is an important indicator of consumer demand and economic activity, providing insight into the health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer confidence and make decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Quarterly trend is published on a regular schedule, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Quarterly (DNKCP040000IXNBQ), retrieved from FRED.