Production: Manufacturing: Consumer Goods: Durable Goods for Denmark
PRMNCG02DKQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.23
Year-over-Year Change
-11.40%
Date Range
1/1/1974 - 7/1/2023
Summary
This economic trend measures the production of durable consumer goods in the manufacturing sector of Denmark. It is a key indicator of consumer demand and 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 Production: Manufacturing: Consumer Goods: Durable Goods for Denmark metric tracks the output of manufactured consumer products intended for long-term use, such as appliances, furniture, and electronics. This data provides insight into the health of the Danish economy and consumer confidence.
Methodology
The data is collected through surveys of manufacturing firms in Denmark.
Historical Context
Policymakers and analysts use this metric to assess the strength of domestic consumer demand and predict future economic trends.
Key Facts
- Denmark is a major producer of consumer durable goods.
- Durable goods production accounts for a significant portion of Denmark's GDP.
- Trends in this metric often precede changes in overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production of durable consumer goods, such as appliances, furniture, and electronics, in the manufacturing sector of Denmark.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of domestic consumer demand and can be used to predict future economic trends in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Danish economy and consumer confidence, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, and the metric may not capture all aspects of the Danish consumer durable goods market.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Durable Goods for Denmark (PRMNCG02DKQ661S), retrieved from FRED.