Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Sweden
BSCICP03SEM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.89
Year-over-Year Change
-1.06%
Date Range
1/1/1996 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Sweden is an economic indicator that measures the overall sentiment and confidence of Swedish businesses. It is a key metric used by economists and policymakers to gauge the health and trajectory of the Swedish 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
This indicator combines several sub-components that reflect the current and expected future business conditions in Sweden, such as production, employment, and investment plans. It is a widely tracked gauge of the economic outlook and can signal turning points in the business cycle.
Methodology
The data is collected through business surveys and compiled by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
The Composite Leading Indicators are used by central banks, governments, and market analysts to inform policy decisions and investment strategies.
Key Facts
- The indicator uses 2015 as the base year.
- It is a composite of 7 sub-components that track Swedish business sentiment.
- The data is released monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Sweden measures the overall sentiment and confidence of Swedish businesses, combining various factors that reflect current and expected future economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a widely tracked gauge of the economic outlook in Sweden and can signal turning points in the business cycle, making it a key metric for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and compiled by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: The Composite Leading Indicators are used by central banks, governments, and market analysts to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released monthly by the OECD, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Sweden (BSCICP03SEM665S), retrieved from FRED.