Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Finland
CSCICP03FIM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.03
Year-over-Year Change
1.40%
Date Range
11/1/1987 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Finland is an economic indicator that measures consumer confidence in Finland. It is a key metric used by economists and policymakers to assess the health of the Finnish economy.
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 represents a composite index that tracks changes in consumer sentiment in Finland. It is a leading indicator, meaning it can signal future economic conditions. The amplitude-adjusted data provides a standardized measure of consumer confidence that is useful for cross-country comparisons.
Methodology
The data is collected through consumer surveys and calculated by the OECD.
Historical Context
This indicator is closely watched by the Finnish government, central bank, and international institutions to inform economic and policy decisions.
Key Facts
- The index is amplitude adjusted to account for variations in the range of consumer confidence data.
- Finland's consumer confidence is a leading indicator of the broader economic conditions in the country.
- Policymakers use this metric to gauge the potential for future consumer spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the composite consumer confidence index for Finland, which is a leading indicator of economic conditions in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant because consumer confidence is a key driver of economic activity, and changes in this indicator can signal future economic conditions in Finland.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated by the OECD using a standardized methodology.
Q: How is this trend used in economic policy?
A: Policymakers in Finland and international institutions closely monitor this indicator to inform economic and policy decisions, as it can signal future changes in consumer spending and economic growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Finland (CSCICP03FIM665S), retrieved from FRED.