Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Denmark
DNKPROCONAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.65
Year-over-Year Change
49.55%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures construction production volume in Denmark, a key indicator of construction industry activity and overall economic performance.
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 construction production volume index tracks the quantity of construction work completed in Denmark, including both residential and non-residential building as well as civil engineering projects. It is used by economists and policymakers to assess the health and trajectory of the Danish construction sector.
Methodology
The data is collected through surveys of construction companies and compiled by Statistics Denmark.
Historical Context
Construction activity is closely tied to macroeconomic conditions and government investment policies.
Key Facts
- Denmark is a major European construction market.
- Construction accounts for around 6% of Denmark's GDP.
- The construction industry employs over 200,000 workers in Denmark.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of construction work completed in Denmark, including residential, non-residential, and civil engineering projects.
Q: Why is this trend relevant for users or analysts?
A: Construction activity is a key indicator of overall economic performance, so this trend provides important insights into the state of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and compiled by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this construction production index to assess the health of the Danish construction sector and inform macroeconomic and investment policy decisions.
Q: Are there update delays or limitations?
A: The construction production data is released monthly by Statistics Denmark with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Denmark (DNKPROCONAISMEI), retrieved from FRED.