Production: Mining: Total for Denmark
Monthly, Seasonally Adjusted
DNKPRMITO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.10
Year-over-Year Change
13.13%
Date Range
1/1/1985 - 10/1/2023
Summary
This economic trend measures monthly, seasonally adjusted production in the Danish manufacturing sector. It is a key indicator of the health and performance of Denmark's industrial economy.
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 Danish manufacturing production index tracks changes in the volume of output from Danish factories and production facilities. It is a closely watched metric for analyzing Denmark's broader economic conditions and industrial activity.
Methodology
This index is calculated by Statistics Denmark based on survey data from manufacturing firms.
Historical Context
Policymakers and economists use this trend to gauge the strength of Denmark's manufacturing sector and inform decisions related to monetary and fiscal policy.
Key Facts
- Denmark is a major exporter of manufactured goods.
- Manufacturing accounts for over 15% of Denmark's GDP.
- This index is released monthly by Statistics Denmark.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, seasonally adjusted production volume in the Danish manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing production index is a key indicator of the health and performance of Denmark's industrial economy, which is crucial for assessing the country's broader economic conditions.
Q: How is this data collected or calculated?
A: The index is calculated by Statistics Denmark based on survey data from manufacturing firms in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge the strength of Denmark's manufacturing sector and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This index is released monthly by Statistics Denmark with no significant update delays.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (DNKPRMITO01IXOBSAM), retrieved from FRED.