Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Estonia
BSCICP03EEM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.02
Year-over-Year Change
-2.22%
Date Range
4/1/1992 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Estonia measures economic confidence and signals in Estonia. This metric is a leading indicator used by policymakers and analysts to anticipate changes in the Estonian business cycle.
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 Composite Leading Indicators (CLI) is a composite index that tracks key economic variables to provide an early signal of turning points in the business cycle. The Composite Business Confidence indicator for Estonia is a component of the CLI, providing insights into the overall health and expectations of the Estonian economy.
Methodology
The data is collected through business surveys and compiled by the OECD.
Historical Context
The CLI is widely used by governments, central banks, and economists to monitor economic conditions and inform policy decisions.
Key Facts
- The CLI is a composite index of multiple economic variables.
- The Business Confidence indicator is a leading component of the CLI.
- Estonia's CLI is used to anticipate changes in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Estonia measures economic confidence and signals in Estonia, providing an early indication of changes in the business cycle.
Q: Why is this trend relevant for users or analysts?
A: This trend is a valuable leading indicator used by policymakers, economists, and analysts to monitor the health of the Estonian economy and anticipate future economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: The Composite Leading Indicators, including the Composite Business Confidence for Estonia, are widely used by governments, central banks, and economists to inform policy decisions and monitor economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be occasional delays or revisions due to the nature of survey-based economic indicators.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Estonia (BSCICP03EEM665S), retrieved from FRED.