Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Finland
FINPROINDMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.38
Year-over-Year Change
-7.22%
Date Range
1/1/1958 - 3/1/2024
Summary
This economic trend measures production volume in Finland's industrial sector, excluding construction. It provides insight into the overall level of economic activity and is a key indicator for policymakers and analysts.
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 Volume: Economic Activity: Industry (Except Construction) for Finland trend tracks the output of the country's manufacturing, mining, and utilities industries. It is an important barometer of Finland's industrial performance and economic health.
Methodology
The data is collected through surveys of businesses and compiled by Statistics Finland.
Historical Context
This metric is widely used to assess the state of Finland's economy and inform policy decisions.
Key Facts
- Finland's industrial production accounts for over a quarter of its GDP.
- This metric tracks output across manufacturing, mining, and utilities sectors.
- It is a leading indicator of Finland's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of Finland's industrial sector, excluding construction. It provides an overview of the level of economic activity in manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Finland's industrial performance and overall economic health. It is closely watched by policymakers, economists, and investors to assess the state of the Finnish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by Statistics Finland.
Q: How is this trend used in economic policy?
A: This metric is widely used to inform policy decisions, as it provides insights into the strength of Finland's industrial base and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of several weeks. There may be revisions to previously reported figures as additional information becomes available.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Finland (FINPROINDMISMEI), retrieved from FRED.