The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the manufacturing industries. The survey was established in 4th quarter of 1963 and is directly connected to and defined by the Business and Consumer Survey joint harmonized program as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission.
The Tendency survey for manufacturing industries is a qualitative assessment on past three month's developments and next three month's expected developments . The survey assesses developments within production, employment, stock of orders, stock of finished products, capacity utilization, investment plans, limits to production, and others.
The collection of data for these statistics has not been affected by COVID-19. However, three COVID-19 related questions have been added to the survey. The answers to these questions have been enumerated in the same way as the other business cycle indicators. The answers to the new, temporary COVID-19-related questions are published under Experimental Statistics (in Danish). Here is also a link to a background document. There is a preliminary release in the middle of the month, while the final release comes at the penultimate weekday of the month.
Monthly business survey data is collected from a sample of approximately 500 manufacturing enterprises. Data is reported either online at http://www.VIRK.dk or in paper questionnaire, and consists of qualitative assessment of changes in net sales, employment, inventories, orders, etc.. The collected data are enumerated from the sample to the total enumeration population (similar to Frame or Survey Population) weighted by employment data, and distributed at industry and enterprise size groupings. If seasonal variation patterns are detected for the indicators that constitute the composite confidence indicator, data is adjusted for this.
Users of the statistics are trade organizations, banks, politicians, public authorities, international organizations, business enterprises and the news media. The results are reflected upon every month in financial and business related news medias.
Sampling error is estimated to plus/minus 1-2 percentage points for the confidence indicators. Non-sampling error occurs in connection to non-responses and drop out of the sample. Especially big companies' non-responses a certain month may influence the development from month to month. Finally, there is measurement error connected to the statistics associated with the respondents level of information and knowledge about the company's current state.
The statistics is published last but one working day before the end of the survey month (expect from the December survey published in the beginning of January). The process runs punctual.
The statistics is carried out in collaboration with the EU-commission since October 1963. Historical data for Denmark and other European countries is available at the homepage of (DG ECFIN). Historically and geographically comparable analyses are possible to carry out based on this data from the EU-Commission's Business and Consumer Survey Programme.
Results of the surveys are published monthly at Statistics Denmark; Key indicators are published in the newsletter edition Nyt fra Danmarks Statistik, Konjunkturbarometer for Industri and in English at the homepage Short term trends. Detailed data is available in English version at Statbank; choose English language and look for the tables BARO1-BARO8. Read here about the statistics. Moreover an analysis of the Business Cycle of the industry - Business Cycle Tracer - is published monthly here.