Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Denmark
PREND401DKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.55
Year-over-Year Change
12.69%
Date Range
1/1/2000 - 1/1/2024
Summary
This trend measures the production volume in the electricity, gas, steam, and air conditioning supply industry in Denmark. It provides insight into the overall economic activity and energy consumption patterns in the country.
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: Electricity, Gas, Steam, and Air Conditioning Supply for Denmark series tracks the output levels of the utilities sector, which is a key indicator of broader economic conditions and energy demand.
Methodology
The data is collected through surveys of Danish businesses in the utilities industry.
Historical Context
This trend is closely watched by policymakers, economists, and energy analysts to gauge Denmark's economic performance and energy market dynamics.
Key Facts
- Denmark is a global leader in renewable energy production.
- The utilities industry accounts for approximately 3% of Denmark's GDP.
- Production volumes in this sector are highly correlated with overall economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume in the electricity, gas, steam, and air conditioning supply industry in Denmark, providing insight into the overall economic activity and energy consumption patterns in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers, economists, and energy analysts to gauge Denmark's economic performance and energy market dynamics, as the utilities industry is a key indicator of broader economic conditions and energy demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish businesses in the utilities industry.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and energy analysts to understand the overall economic activity and energy consumption patterns in Denmark, which informs energy and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Denmark (PREND401DKQ661N), retrieved from FRED.