Production: Manufacturing: Consumer Goods: Non-Durable Goods for Denmark
DNKPRMNCG03IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.40
Year-over-Year Change
21.36%
Date Range
1/1/1985 - 10/1/2023
Summary
This economic trend measures the production of non-durable consumer goods in the manufacturing sector of Denmark. It provides insight into the health and output of a key component 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 Production: Manufacturing: Consumer Goods: Non-Durable Goods for Denmark series tracks the industrial production of consumer non-durable goods, such as food, beverages, and textiles, within the Danish manufacturing sector. This indicator is used by economists and policymakers to assess the strength of domestic consumer demand and the overall performance of the manufacturing industry.
Methodology
The data is collected through surveys of Danish manufacturing firms and calculated as an index with a base year of 2015.
Historical Context
This production index is closely monitored by the Danish central bank and government to inform economic and fiscal policy decisions.
Key Facts
- The base year for this index is 2015.
- Non-durable consumer goods make up over 50% of Danish manufacturing output.
- This index has shown moderate growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the industrial production of non-durable consumer goods, such as food, beverages, and textiles, within the manufacturing sector of Denmark.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the strength of domestic consumer demand and the overall performance of the Danish manufacturing industry, which are both crucial factors for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish manufacturing firms and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: This production index is closely monitored by the Danish central bank and government to inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Non-Durable Goods for Denmark (DNKPRMNCG03IXOBM), retrieved from FRED.