Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark
DNKPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.81
Year-over-Year Change
-4.33%
Date Range
1/1/1974 - 3/1/2024
Summary
This economic indicator measures the production volume of the manufacturing sector in Denmark. It serves as a key gauge of the country's industrial activity and economic health.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark index tracks changes in the output of Danish manufacturing industries. It is a widely watched metric that provides insights into the broader industrial landscape and business cycle.
Methodology
The data is collected through surveys of manufacturing companies and compiled by statistical agencies.
Historical Context
Policymakers and analysts use this indicator to assess the strength of Denmark's economy and make informed decisions.
Key Facts
- Denmark is a major industrial exporter, with manufacturing accounting for over 15% of its GDP.
- The manufacturing sector employs approximately 10% of the Danish workforce.
- This indicator is released monthly by Statistics Denmark.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the production volume of the manufacturing sector in Denmark, providing insights into the country's industrial activity and economic performance.
Q: Why is this trend relevant for users or analysts?
A: The production volume index is a key indicator of Denmark's economic health, as the manufacturing sector plays a crucial role in the country's economy. Analysts and policymakers use this data to assess the strength of industrial activity and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing companies and compiled by Statistics Denmark, the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this indicator to gauge the performance of the Danish economy and make informed decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The production volume index is released monthly by Statistics Denmark, with a typical delay of 4-6 weeks. The data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark (DNKPRMNTO01IXOBM), retrieved from FRED.