Production: Manufacturing: Consumer Goods: Durable Goods for Denmark
Monthly, Seasonally Adjusted
DNKPRMNCG02IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.80
Year-over-Year Change
-21.46%
Date Range
1/1/1974 - 10/1/2023
Summary
This series measures Denmark's Producer Price Index for Manufacturing, a key indicator of inflationary pressures in the industrial sector. It is closely watched by policymakers and analysts to assess the state of the Danish economy.
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 Producer Price Index for Manufacturing tracks changes in the prices charged by domestic producers for their goods. It reflects wholesale rather than consumer prices, providing insight into cost-push inflation and supply chain dynamics.
Methodology
The data is collected through monthly surveys of Danish manufacturers and calculated by Statistics Denmark.
Historical Context
The PPI is used by the Danish central bank and other institutions to inform monetary policy decisions.
Key Facts
- Denmark's PPI for Manufacturing has risen by over 20% since 2020.
- The index reached an all-time high in early 2022 due to supply chain disruptions.
- Manufacturing accounts for nearly a quarter of Denmark's GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures changes in the prices charged by Danish manufacturers for their goods, providing insight into producer-level inflation.
Q: Why is this trend relevant for users or analysts?
A: The Producer Price Index is a leading indicator of consumer price inflation and helps policymakers and businesses assess broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Danish manufacturers and calculated by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The Danish central bank and other institutions use the PPI to inform monetary policy decisions and assess inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (DNKPRMNCG02IXOBSAM), retrieved from FRED.