Value of Total Orders for Manufacturing for Denmark
ODMNTO02DKQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.23
Year-over-Year Change
12.14%
Date Range
1/1/1985 - 10/1/2012
Summary
The 'Value of Total Orders for Manufacturing' trend measures the total value of new orders received by Danish manufacturing companies. This key metric provides insights into the strength of domestic and export demand for Danish industrial products.
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 manufacturing orders indicator tracks the total value of new orders received by Danish manufacturers, including both domestic and export orders. It is an important leading indicator of future production and economic activity in Denmark's industrial sector.
Methodology
The data is collected through surveys of Danish manufacturing companies.
Historical Context
Policymakers and analysts use this trend to assess the health of Denmark's manufacturing industry and make informed decisions.
Key Facts
- Denmark is a major industrial exporter, with manufacturing accounting for over 15% of GDP.
- New manufacturing orders are a leading indicator of future production and economic growth.
- The value of total manufacturing orders reflects both domestic and international demand.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Total Orders for Manufacturing' trend measures the total value of new orders received by Danish manufacturing companies, including both domestic and export orders.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing orders indicator is an important leading indicator of future production and economic activity in Denmark's industrial sector, providing insights into the strength of domestic and export demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish manufacturing companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Denmark's manufacturing industry and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Value of Total Orders for Manufacturing for Denmark (ODMNTO02DKQ661S), retrieved from FRED.