Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Denmark
Quarterly
DNKWSCNDW01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.81
Year-over-Year Change
-44.77%
Date Range
1/1/1958 - 10/1/2023
Summary
The Quarterly series measures the seasonally adjusted quarterly growth rate of nominal wages in Denmark. It serves as a key indicator of labor market conditions and inflation pressures.
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
This series represents the quarter-over-quarter percentage change in nominal wages for the overall economy in Denmark. It is a widely watched metric for policymakers and economists analyzing the state of the Danish labor market and broader macroeconomic trends.
Methodology
The data is calculated by the Danish National Bank based on survey responses from employers.
Historical Context
The Quarterly wage growth trend helps inform monetary and fiscal policy decisions in Denmark.
Key Facts
- Denmark has a highly unionized labor force.
- Wage growth is a key driver of inflation in the economy.
- The Quarterly series dates back to 1995.
FAQs
Q: What does this economic trend measure?
A: The Quarterly series measures the seasonally adjusted quarter-over-quarter percentage change in nominal wages for the overall Danish economy.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a critical indicator of labor market conditions and inflationary pressures, making this series highly relevant for policymakers and economists analyzing the Danish macroeconomic environment.
Q: How is this data collected or calculated?
A: The data is calculated by the Danish National Bank based on survey responses from employers.
Q: How is this trend used in economic policy?
A: The Quarterly wage growth trend helps inform monetary and fiscal policy decisions in Denmark, as it provides insights into labor market dynamics and inflationary forces.
Q: Are there update delays or limitations?
A: The Quarterly series is published on a timely basis, with the latest data typically available within a few weeks of the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly (DNKWSCNDW01IXOBSAQ), retrieved from FRED.