Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Denmark
Quarterly
DNKPERMITQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.27
Year-over-Year Change
-50.67%
Date Range
1/1/1998 - 10/1/2023
Summary
The Quarterly Building Permits Trend measures the number of new residential construction permits issued in Denmark on a quarterly basis. This metric serves as an important leading indicator for the Danish housing market and broader economic activity.
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 Building Permits Trend tracks the total number of permits granted for new residential construction projects in Denmark. This data is used by economists and policymakers to assess the health of the Danish housing sector and anticipate future economic trends.
Methodology
The data is collected by Statistics Denmark through mandatory reporting from local authorities.
Historical Context
Building permit trends are closely monitored for their implications on housing supply, consumer demand, and overall economic conditions.
Key Facts
- Denmark issued over 13,000 new residential building permits in Q4 2022.
- Building permits declined 5.2% in Q3 2022 compared to the previous quarter.
- Permit issuance has remained above pre-pandemic levels since 2021.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Building Permits Trend measures the number of new residential construction permits issued in Denmark on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an important leading indicator for the Danish housing market and broader economic activity, providing insights into housing supply, consumer demand, and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through mandatory reporting from local authorities.
Q: How is this trend used in economic policy?
A: Building permit trends are closely monitored by economists and policymakers for their implications on the housing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The Quarterly Building Permits data is published with a lag, typically 1-2 months after the end of the reference quarter.
Related Trends
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Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark
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Amount Outstanding of Total Debt Securities in Financial Corporations Sector, All Maturities, Residence of Issuer in Denmark
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Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Denmark
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Citation
U.S. Federal Reserve, Quarterly Building Permits (DNKPERMITQISMEI), retrieved from FRED.