Leading Indicators OECD: Component series: Producer prices: Normalised for Finland
FINLOCOPPNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.03
Year-over-Year Change
2.04%
Date Range
1/1/1960 - 10/1/2022
Summary
The OECD Leading Indicators Component series for Producer Prices, Normalized for Finland, tracks changes in domestic producer prices as an early indicator of economic conditions.
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 index is part of the OECD's suite of leading economic indicators, which are used to anticipate turning points in economic activity. The normalized producer price trend provides insight into inflationary pressures and industrial sector performance.
Methodology
The data is collected through monthly surveys of producers and calculated using a standardized OECD methodology.
Historical Context
Policymakers and analysts monitor this indicator to assess the state of the Finnish economy and potential inflationary risks.
Key Facts
- The index is normalized to 100 for the base year.
- Increasing producer prices can signal rising inflation.
- Finland is a member of the OECD economic cooperation organization.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in producer prices in Finland as part of the OECD's leading economic indicators.
Q: Why is this trend relevant for users or analysts?
A: The producer price index provides early insight into inflationary pressures and the overall health of the Finnish industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of producers and calculated using a standardized OECD methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the state of the Finnish economy and potential inflationary risks.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, OECD Leading Indicators: Component series: Producer prices: Normalised for Finland (FINLOCOPPNOSTSAM), retrieved from FRED.