Production: Manufacturing: Investment Goods: Total for Denmark
Monthly, Not Seasonally Adjusted
DNKPRMNVG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.30
Year-over-Year Change
5.48%
Date Range
1/1/1974 - 10/1/2023
Summary
This trend measures the production volume index for the manufacturing sector in Denmark on a monthly, non-seasonally adjusted basis. It provides insights into the overall health and performance of the Danish manufacturing industry.
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 manufacturing production index is a key economic indicator that tracks changes in the physical output of the manufacturing sector over time. It is used by policymakers and analysts to assess the state of the broader economy and guide decision-making.
Methodology
The data is collected through surveys of manufacturing facilities and calculated as an index based on production volumes.
Historical Context
The manufacturing production index is closely monitored by the Danish government and central bank to inform economic and monetary policies.
Key Facts
- Denmark is a major exporter of manufactured goods.
- Manufacturing accounts for over 15% of Denmark's GDP.
- The index reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume index for the manufacturing sector in Denmark on a monthly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of the overall health and performance of the Danish economy, providing insights that are important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated as an index based on production volumes.
Q: How is this trend used in economic policy?
A: The manufacturing production index is closely monitored by the Danish government and central bank to inform economic and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (DNKPRMNVG01IXOBM), retrieved from FRED.