Leading Indicators OECD: Component series: Monetary Aggregates: Normalised for Denmark
DNKLOCOMANOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.61
Year-over-Year Change
-1.48%
Date Range
1/1/1971 - 10/1/2022
Summary
The OECD Leading Indicators: Component series for Monetary Aggregates, Normalised for Denmark measures changes in Denmark's money supply, a key indicator of economic activity and potential 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 composite leading indicator tracks changes in Denmark's monetary aggregates, which include cash, bank deposits, and other liquid financial assets. It provides forward-looking signals about the Danish economy's future performance and is used by policymakers and analysts to guide economic and monetary policy decisions.
Methodology
The data is collected and calculated by the OECD using standardized procedures across member countries.
Historical Context
Central banks and government economists closely monitor this indicator to assess Denmark's macroeconomic conditions and the effectiveness of monetary policy.
Key Facts
- The OECD Leading Indicators track changes in 102 component series across 33 countries.
- Denmark's monetary aggregates account for over 150% of its GDP.
- The normalised series adjusts for seasonal and other short-term fluctuations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in Denmark's money supply, including cash, bank deposits, and other liquid financial assets. It provides forward-looking signals about the country's economic performance.
Q: Why is this trend relevant for users or analysts?
A: Central banks and policymakers use this indicator to assess Denmark's macroeconomic conditions and the effectiveness of monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using standardized procedures across member countries.
Q: How is this trend used in economic policy?
A: This leading indicator helps policymakers and analysts monitor Denmark's economic activity and inflationary pressures, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Denmark
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Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Denmark
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Monetary Aggregates: Normalised for Denmark (DNKLOCOMANOSTSAM), retrieved from FRED.