Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Finland
BSCICP03FIM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.54
Year-over-Year Change
-1.37%
Date Range
1/1/1993 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Finland measures changes in Finland's overall business confidence. It is a key indicator used by economists and policymakers to assess the health and outlook of the Finnish economy.
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) are a series of composite indices designed to provide early signals of turning points in economic activity. The Composite Business Confidence indicator specifically aggregates data on business sentiment, which is a leading predictor of future economic performance.
Methodology
This data is collected through business surveys and calculated as a standardized, amplitude-adjusted index.
Historical Context
The CLI is closely monitored by the OECD and Finnish economic institutions to inform policy decisions and market analysis.
Key Facts
- The CLI is a leading indicator of economic cycles.
- Business confidence is a key driver of investment and consumption.
- Finland is a major advanced economy in Northern Europe.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Finland measures changes in overall business sentiment and confidence in the Finnish economy.
Q: Why is this trend relevant for users or analysts?
A: Business confidence is a leading indicator of future economic performance, so this metric is closely watched by economists, policymakers, and market analysts to assess the health and outlook of the Finnish economy.
Q: How is this data collected or calculated?
A: This data is collected through business surveys and calculated as a standardized, amplitude-adjusted index by the OECD.
Q: How is this trend used in economic policy?
A: The Composite Leading Indicators, including the business confidence measure for Finland, are used by the OECD and Finnish economic institutions to inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the composite indicators rely on survey data, but the OECD publishes updates on a regular schedule.
Related Trends
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Finland
FINPFCEQDSMEI
Gross Domestic Product for Finland
MKTGDPFIA646NWDB
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Finland
LCEAMN01FIQ661N
Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Finland
FINPITGND01GPM
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Finland
LFWA24TTFIQ647N
Life Insurance Premium Volume to GDP for Finland
DDDI09FIA156NWDB
Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Finland (BSCICP03FIM665S), retrieved from FRED.