The main purpose of the Production and turnover in manufacturing industries statistic is to show the development in the manufacturing industry. The statistic is primarily used for assessment of the current manufacturing industry business cycle.
Originally published in 1974, the statistic forms part of the harmonized European Union system of short-term business statistics and is comparable to previous versions from 1985 and onwards.
The production and turnover in manufacturing industries statistic consists of a production index as well as a turnover index. Both indices are categorized into four industry sectors and 12 industries based on the Danish industrial classification DB07. The total turnover index is also published split into two indices of domestic and export turnover. Both non-seasonally and seasonally adjusted data is published.
Each month information on turnover and stocks is collected from approximately 1000 manufacturing enterprises in Denmark, where approximately 20 per cent of the turnover information is collected from existing registers. The data are subjected to error checks both electronically and manually. A production turnover is calculated based on turnover and stock data which are weighted in order to calculate turnover and production indexes covering the entire industry. Seasonally adjusted as well as unadjusted data are published for both indexes.
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.
Precision and reliability of the statistic is conditional on two factors: The calculation process of the production and the quality of the quarterly statistic for manufacturers' sales of goods and services.
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.
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.
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.