Consumer Price Index: Health (COICOP 06): Total for Denmark
Quarterly
DNKCP060000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-5.95%
Date Range
4/1/2000 - 10/1/2023
Summary
This quarterly trend measures consumption of durable goods in Denmark, a key indicator of economic activity and consumer confidence.
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 Quarterly Consumption of Durable Goods in Denmark (DNKCP060000GPQ) tracks household spending on long-lasting products like furniture, appliances, and vehicles. It is a widely monitored economic indicator that provides insights into consumer demand and the broader state of the Danish economy.
Methodology
The data is collected through household surveys and compiled by Statistics Denmark.
Historical Context
Policymakers and analysts use this trend to assess the health of the Danish consumer sector and make informed decisions.
Key Facts
- Denmark is a highly developed, export-oriented economy.
- Durable goods account for about 20% of total Danish consumer spending.
- Quarterly durable goods consumption data is released approximately 45 days after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly consumption of durable goods by Danish households, which includes spending on long-lasting products like furniture, appliances, and vehicles.
Q: Why is this trend relevant for users or analysts?
A: The quarterly durable goods consumption trend is a key indicator of consumer demand and economic activity in Denmark, providing insights that are valuable for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark and compiled into the quarterly durable goods consumption trend.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this trend to gauge the health of the consumer sector and make informed decisions about monetary and fiscal policies that can impact economic growth and stability.
Q: Are there update delays or limitations?
A: The quarterly durable goods consumption data is released approximately 45 days after the end of each quarter, with a small potential for revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Quarterly Consumption of Durable Goods in Denmark (DNKCP060000GPQ), retrieved from FRED.