Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Denmark
DNKPROINDMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.89
Year-over-Year Change
3.09%
Date Range
1/1/1974 - 3/1/2024
Summary
This economic trend measures the production volume of industries in Denmark, excluding the construction sector. It serves as an important indicator of overall industrial activity and economic performance.
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 Volume: Economic Activity: Industry (Except Construction) for Denmark trend provides a comprehensive measure of the output and productivity of the country's manufacturing, mining, and utilities sectors. It is a widely used metric for assessing the health and direction of the Danish economy.
Methodology
The data is collected through surveys of industrial establishments and calculated as an index based on the reported production volumes.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to gauge the strength of the Danish industrial sector and inform economic forecasting and decision-making.
Key Facts
- Denmark is a major industrial and manufacturing hub in Europe.
- The industrial sector accounts for over 20% of Denmark's GDP.
- This trend has shown steady growth in recent years, indicating a robust Danish economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of industries in Denmark, excluding the construction sector. It provides a comprehensive assessment of the output and productivity of the country's manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of the overall health and direction of the Danish economy, as the industrial sector is a significant driver of economic activity. It is closely monitored by policymakers, economists, and market analysts to inform economic forecasting and decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments and calculated as an index based on the reported production volumes.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and other economic institutions to assess the performance of the Danish industrial sector and inform policies related to economic growth, employment, and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, reflecting the time required to collect and process the information from industrial establishments. There may also be revisions to past data as more information becomes available.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Denmark (DNKPROINDMISMEI), retrieved from FRED.