Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark
PRMNTO01DKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.71
Year-over-Year Change
33.25%
Date Range
1/1/1974 - 1/1/2024
Summary
This economic indicator measures manufacturing production volume in Denmark, providing insights into the state of the country's industrial sector.
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 Volume index tracks changes in the physical quantity of goods produced by Danish manufacturing companies. It serves as a key metric for assessing the overall health and performance of the nation's manufacturing industry.
Methodology
The data is collected through surveys of manufacturing firms and compiled by Statistics Denmark.
Historical Context
Manufacturing production is closely monitored by policymakers and analysts to gauge broader economic conditions and inform policy decisions.
Key Facts
- Denmark is a major industrial exporter, with manufacturing accounting for over 15% of GDP.
- The Production Volume index is a leading indicator of broader economic performance.
- Manufacturing is a key driver of Denmark's economy, with the sector employing over 300,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Production Volume index measures the physical quantity of goods produced by Danish manufacturing companies, providing insights into the state of the country's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing production is a critical indicator of broader economic conditions, making this metric highly relevant for policymakers, investors, and analysts seeking to assess the health of Denmark's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and compiled by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Manufacturing production is closely monitored by Danish policymakers to gauge economic activity and inform policy decisions, as the industrial sector is a major driver of the country's economy.
Q: Are there update delays or limitations?
A: The Production Volume index is published on a monthly basis, with a typical delay of around 6-8 weeks between the end of the reference period and the release of the data.
Related Trends
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Denmark
LRAC64TTDKQ156S
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 25 to 54 Years for Denmark
LRAC25FEDKQ156N
Consumer Price Index: All Items: Total for Denmark
DNKCPALTT01IXNBQ
Value of Exports to Denmark from Wisconsin
WIDNKA052SCEN
Financial Market: Share Prices for Denmark
SPASTT01DKM661N
Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Denmark
CP0513DKM086NEST
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark (PRMNTO01DKQ661N), retrieved from FRED.