Production: Industry: Total Industry Excluding Construction for Finland
FINPRINTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.36
Year-over-Year Change
-1056.14%
Date Range
1/1/1959 - 12/1/2023
Summary
This trend measures total industrial production in Finland, excluding the construction sector. It is a key indicator of the overall health and activity of the Finnish manufacturing and industrial 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
The Production: Industry: Total Industry Excluding Construction for Finland metric tracks changes in the volume of industrial output across major sectors of the Finnish economy, providing insight into the nation's industrial productivity and economic performance.
Methodology
The data is collected and calculated by Statistics Finland through surveys of industrial enterprises.
Historical Context
This industrial production index is closely monitored by policymakers, economists, and investors to assess Finland's economic conditions and outlook.
Key Facts
- Finland is a major industrial economy in Northern Europe.
- The industrial sector accounts for over a quarter of Finland's GDP.
- This index excludes the volatile construction industry to provide a clearer signal of broader industrial activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of industrial production in Finland, excluding the construction sector. It provides a comprehensive gauge of manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This industrial production index is a key indicator of the overall health and performance of the Finnish economy. It is closely tracked by policymakers, economists, and investors to assess economic conditions and the outlook for Finland.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Finland through surveys of industrial enterprises operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this industrial production index to gauge the strength of the Finnish economy and inform decisions on monetary, fiscal, and regulatory policies.
Q: Are there update delays or limitations?
A: The industrial production data for Finland is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Finland (FINPRINTO01GYSAM), retrieved from FRED.