Production: Industry: Total Industry Excluding Construction for Denmark
Growth rate same period previous year, Annual
PRINTO01DKA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.79
Year-over-Year Change
-2317.88%
Date Range
1/1/1975 - 1/1/2024
Summary
This economic trend measures the annual growth rate of industrial production in Denmark compared to the same period the previous year. It provides valuable insights into the overall health and performance of the Danish industrial sector.
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 industrial production growth rate is a key indicator of economic activity and a critical data point for policymakers and analysts to monitor. It reflects changes in the volume of goods produced by Denmark's manufacturing, mining, and utilities industries.
Methodology
The data is collected and calculated by Statistics Denmark based on surveys of industrial enterprises.
Historical Context
This trend is closely watched by the Danish central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- Denmark is a major industrialized economy in Northern Europe.
- Industrial production accounts for around 20% of Denmark's GDP.
- The industrial production growth rate has averaged 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of industrial production in Denmark compared to the same period the previous year.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a key indicator of overall economic health and an important data point for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Denmark based on surveys of industrial enterprises.
Q: How is this trend used in economic policy?
A: This trend is closely watched by the Danish central bank and government to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PRINTO01DKA659S), retrieved from FRED.