Production and Turnover in Manufacturing Industries

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Short-Term Statistics, Business Statistics
Mathias Bluhme
+45 40 22 56 37

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Production and Turnover in Manufacturing Industries 2024

The purpose of the statistics Industry's production and turnover is to shed light on developments in the industry. It is primarily used for assessments of economic developments in industry in Denmark.

The statistics are part of the EU's common short-term statistics and date back to 1974, but in their current form are comparable from 1985 onwards for most industries.

Statistical presentation

The statistics are a monthly statement of the production and turnover index for the industry. The statistics are divided into five groups defined on the basis of the use of goods and services (eg production of durable and non-durable consumer goods) and the main groups mining and quarrying (B), manufacturing (C) and energy supply (D) and 12 main industry groups under main group C, which follow the Danish industry nomenclature DB07. The turnover index is also calculated by dividing a domestic market turnover index and an export turnover index. All figures are published both adjusted for seasonal fluctuations and in actual figures.

Statistical processing

Every month, information is collected on the value of turnover and stock from a sample of approx. 1,000 industrial companies in Denmark. For most, this is done using online questionnaires, but for about 20 per cent. of the companies, the information can instead be collected from statistical registers. The received data is debugged and production is calculated based on turnover and stock figures. Then the data is weighted so that a production and a turnover index can be calculated that represents the entire manufacturing industry in Denmark. The results are seasonally adjusted to eliminate normal seasonal fluctuations

Relevance

The development of the production and turnover indices are primary used for manufacturing industry business cycle analyses and as input for the national accounts. Various users include industry organisations, public authorities and the news media. Form and content as well as comparisons with other statistics are continuously discussed at manufacturing industry user committee meetings.

Accuracy and reliability

There is some sampling uncertainty as the statistics are based on a sample of companies. In addition, there are a number of assumptions in calculations, eg in connection with the valuation of inventories. In the first version of the numbers, there is a bit of a lapse.

Timeliness and punctuality

The statistics are published between 35 and 40 days after the end of the month. The punctuality is high, with very few delays in relation to the scheduled release dates.

Comparability

The current time series goes back to year 2000, and it has a high degree of comparability over time. The time series can for most industries be linked to data of previous years, resulting in a comparable time series going back to year 1985. The international comparability with similar statistics from other EU countries is very high.

Accessibility and clarity

New figures are published in a monthly news article News from Statistics Denmark, and all figures can be found in Statbank Denmark.

The statistics also have a subject page.