Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: OECD Indicator for OECD and Major Six NME
BSCICP03O9M665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.51
Year-over-Year Change
-0.35%
Date Range
1/1/1984 - 9/1/2023
Summary
The Business Tendency Surveys (Manufacturing): Confidence Indicators tracks the composite confidence index for OECD countries and major non-member economies. This forward-looking indicator provides insight into manufacturing sector sentiment and 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 OECD composite indicator aggregates survey data on factors such as production, orders, and employment expectations to assess the overall state of the manufacturing industry. Economists and policymakers use this index to monitor business cycle fluctuations and shape policy responses.
Methodology
The data is collected through business surveys conducted by national statistical agencies and compiled by the OECD.
Historical Context
The manufacturing confidence index is a leading indicator used to forecast economic trends and inform policy decisions.
Key Facts
- The index ranges from 0 to 100, with 100 indicating the most positive sentiment.
- Manufacturing is a key driver of economic growth in many countries.
- The index is published monthly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: The Business Tendency Surveys (Manufacturing): Confidence Indicators tracks a composite index of manufacturing sector sentiment and expectations in OECD countries and major non-member economies.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator provides insight into the state of the manufacturing industry and overall economic conditions, making it a valuable tool for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by national statistical agencies and compiled by the OECD.
Q: How is this trend used in economic policy?
A: The manufacturing confidence index is a leading indicator used to forecast economic trends and inform policy decisions, particularly in the areas of monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published monthly with a 1-2 month lag, which may limit its real-time applicability for some users.
Related Trends
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Leading Indicators OECD: Leading indicators: CLI: Trend restored for OECD + Major Six NME
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: OECD Indicator for OECD and Major Six NME (BSCICP03O9M665S), retrieved from FRED.