Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark
PRMNTO01DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.09
Year-over-Year Change
66.89%
Date Range
1/1/1974 - 1/1/2023
Summary
The 'Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark' measures the volume of manufacturing production in Denmark. It serves as a key indicator of the health and performance of the Danish manufacturing 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
This economic trend tracks the total production volume of the manufacturing industry in Denmark. It is a widely used metric to assess the current state and overall direction of the Danish economy, as the manufacturing sector is a vital component.
Methodology
The data is collected through surveys of manufacturing firms in Denmark.
Historical Context
Policymakers and economists monitor this trend to gain insights into the Danish economy and make informed decisions.
Key Facts
- Denmark is a major manufacturing hub in Europe.
- Manufacturing accounts for over 15% of Denmark's GDP.
- Production volumes in Denmark's manufacturing sector have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the manufacturing industry in Denmark, providing insights into the health and performance of the Danish economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the Danish economy, as the manufacturing sector is a vital component. Policymakers and economists closely monitor this data to inform their decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the current state and overall direction of the Danish economy, and to make informed decisions regarding economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark (PRMNTO01DKA661N), retrieved from FRED.