Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Denmark
LCEAMN01DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.63
Year-over-Year Change
33.81%
Date Range
1/1/1971 - 1/1/2024
Summary
This trend measures average hourly earnings in the manufacturing sector of the Danish economy, providing insight into labor costs and broader economic activity.
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 Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Denmark metric tracks changes in average hourly compensation for manufacturing workers. This indicator is used by economists and policymakers to assess wage pressures, productivity, and the overall health of the Danish industrial sector.
Methodology
The data is collected through employer surveys by Statistics Denmark.
Historical Context
Hourly earnings in manufacturing are a key input for analyzing Denmark's economic competitiveness and inflationary pressures.
Key Facts
- Earnings in Danish manufacturing averaged 258 DKK per hour as of the latest data.
- Manufacturing accounts for approximately 16% of Denmark's GDP.
- Hourly earnings in this sector have grown by 2.5% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures average hourly earnings for workers in the Danish manufacturing sector, providing insight into labor costs and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings in manufacturing are a key indicator used by economists and policymakers to assess wage pressures, productivity, and the overall health of the Danish industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Hourly earnings in manufacturing are used to analyze Denmark's economic competitiveness and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months by the national statistical agency.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Denmark (LCEAMN01DKA661N), retrieved from FRED.