Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Europe
OECDELORSGPTDSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.31
Year-over-Year Change
1.57%
Date Range
2/1/1960 - 8/1/2022
Summary
The Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Europe measures the cyclical direction of the economy in OECD European countries. It is a key indicator used by policymakers and analysts to assess the economic outlook.
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 trend provides a composite leading indicator that tracks the overall economic direction in the OECD's European member states. It is designed to signal turning points in economic activity relative to the long-term trend.
Methodology
The data is collected and calculated by the OECD using a standardized methodology across member countries.
Historical Context
This leading indicator is widely referenced by central banks, governments, and market analysts to inform policy decisions and investment strategies.
Key Facts
- Covers 23 OECD European member states.
- Leads GDP by approximately 6-9 months.
- Signals changes in the economic outlook.
FAQs
Q: What does this economic trend measure?
A: This trend measures the cyclical direction of the economy in OECD European countries, providing a leading indicator of future GDP growth.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is widely used by policymakers, central banks, and market analysts to assess the economic outlook and inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using a standardized methodology across its member countries.
Q: How is this trend used in economic policy?
A: Central banks, governments, and analysts use this leading indicator to monitor the business cycle and make informed policy decisions to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. As a composite indicator, it may be subject to revisions as new underlying data becomes available.
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Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Original series for OECD - Europe
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Europe (OECDELORSGPTDSTSAM), retrieved from FRED.