Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Finland
ODCNPI03FIQ180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
995,428.57
Year-over-Year Change
-11.84%
Date Range
1/1/1960 - 10/1/2014
Summary
The Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Finland trend measures the number of construction permits issued for new residential dwellings and buildings in Finland. This metric provides insight into the health and future trajectory of the Finnish construction and housing sectors.
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 economic indicator tracks the issuance of permits for new residential construction projects in Finland. Permit data is a leading indicator of future construction activity and investment, making it a valuable signal for policymakers, investors, and industry analysts.
Methodology
The data is collected by Statistics Finland through a census of construction permit applications.
Historical Context
Permit issuance trends are closely monitored by the Finnish government and central bank to gauge the strength of the housing market and broader economy.
Key Facts
- Permit issuance is a leading indicator of future construction activity.
- Finland is a major European housing market.
- Construction is a key driver of economic growth in Finland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of construction permits issued for new residential dwellings and buildings in Finland.
Q: Why is this trend relevant for users or analysts?
A: Permit issuance data provides insight into the health and future trajectory of the Finnish construction and housing sectors, making it a valuable indicator for policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Finland through a census of construction permit applications.
Q: How is this trend used in economic policy?
A: Permit issuance trends are closely monitored by the Finnish government and central bank to gauge the strength of the housing market and broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by Statistics Finland with minimal delays.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Finland (ODCNPI03FIQ180S), retrieved from FRED.