Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Finland
FINPERMITMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.16
Year-over-Year Change
-46.58%
Date Range
2/1/1955 - 2/1/2024
Summary
This trend measures permits issued for the construction of new buildings in Finland, providing insights into the country's economic activity and construction industry.
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 'Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Finland' metric tracks the number of building permits issued, serving as an indicator of future construction activity and investment in the Finnish economy.
Methodology
The data is collected by the national statistical agency of Finland.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the health of the Finnish construction sector and broader economic trends.
Key Facts
- Finland issued over 40,000 building permits in 2021.
- Building permit approvals are a leading indicator of future construction activity.
- The construction industry accounts for around 6% of Finland's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of building permits issued for new construction projects in Finland, providing insights into the country's construction activity and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Building permit data is a key leading indicator used by economists and policymakers to forecast future construction investment, housing supply, and broader economic trends in Finland.
Q: How is this data collected or calculated?
A: The data is collected by Finland's national statistical agency through administrative records of building permit approvals.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor building permit data to assess the health of the construction sector and make informed decisions about economic policies, housing supply, and infrastructure investment.
Q: Are there update delays or limitations?
A: The building permit data is typically published with a short lag, providing timely insights into current economic conditions in Finland.
Related Trends
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Finland
FINCP050000IXNBM
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Finland
LFEM55MAFIA647N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Finland
LRHUTTMAFIM156S
Population, Total for Finland
POPTOTFIA647NWDB
Consumer Price Index: Harmonized Prices: All Items: Total for Finland
CPHPTT01FIM657N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Finland
FINCP010000GYM
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Finland (FINPERMITMISMEI), retrieved from FRED.