Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Denmark
Quarterly
DNKHOUREAQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.68
Year-over-Year Change
11.72%
Date Range
1/1/1971 - 1/1/2025
Summary
The Quarterly Hourly Earnings in Manufacturing (Denmark) series measures the average hourly earnings of manufacturing workers in Denmark on a quarterly basis. This metric is closely watched by economists and policymakers as an indicator of labor market conditions and inflationary pressures.
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 data series tracks the average hourly compensation paid to employees in the Danish manufacturing sector. It is a key economic indicator used to assess wage growth, labor productivity, and overall labor market trends in Denmark's industrial sector.
Methodology
The data is collected through surveys of Danish manufacturing establishments by Statistics Denmark.
Historical Context
Quarterly earnings data helps inform monetary and fiscal policy decisions in Denmark.
Key Facts
- Denmark's manufacturing sector accounts for over 15% of GDP.
- Hourly earnings in manufacturing have grown by over 3% annually on average.
- Manufacturing productivity has increased by 2% per year in the past decade.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Hourly Earnings in Manufacturing (Denmark) series tracks the average hourly compensation paid to employees in Denmark's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions, wage growth, and inflationary pressures in Denmark's industrial sector, which is critical for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish manufacturing establishments by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Quarterly earnings data helps inform monetary and fiscal policy decisions in Denmark by providing insights into labor market dynamics and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a typical 2-month lag.
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Citation
U.S. Federal Reserve, Quarterly Hourly Earnings in Manufacturing (Denmark) (DNKHOUREAQISMEI), retrieved from FRED.