Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Denmark
DNKPREND401IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.22
Year-over-Year Change
8.47%
Date Range
1/1/2000 - 3/1/2024
Summary
This economic trend measures the production volume in the electricity, gas, steam, and air conditioning supply industry in Denmark. It serves as an important indicator of overall economic activity and energy consumption within the country.
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 Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Denmark is a monthly index that tracks the output and production levels of the utilities sector. This data is used by economists and policymakers to assess the state of the Danish economy and monitor energy usage patterns.
Methodology
The data is collected through surveys of Danish businesses and industries in the electricity, gas, steam, and air conditioning supply sector.
Historical Context
This trend is closely watched by market analysts and government officials to gauge the health of the Danish economy and inform energy policy decisions.
Key Facts
- The index is based on 2015 as the base year (2015=100).
- Denmark is a leader in renewable energy, with over 50% of its electricity coming from wind power.
- The utilities sector accounts for around 3% of Denmark's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume in the electricity, gas, steam, and air conditioning supply industry in Denmark. It serves as an indicator of overall economic activity and energy consumption.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists, policymakers, and market analysts to assess the state of the Danish economy and inform energy policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish businesses and industries in the electricity, gas, steam, and air conditioning supply sector.
Q: How is this trend used in economic policy?
A: This trend is used by government officials and analysts to gauge the health of the Danish economy and monitor energy usage patterns, which can inform policy decisions related to the utilities sector and energy policy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Denmark (DNKPREND401IXOBM), retrieved from FRED.