Leading Indicators OECD: Component series: Currency conversion: Normalised for Ireland
IRLLOCOEXNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.71
Year-over-Year Change
-0.14%
Date Range
1/1/1970 - 11/1/2022
Summary
The Leading Indicators OECD: Component series: Currency conversion: Normalised for Ireland measures the normalized leading economic indicators for Ireland, providing insights into the country's economic trajectory.
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 metric is part of the OECD's Composite Leading Indicators (CLI) system, which tracks early signals of economic activity across major economies. The normalized Ireland-specific data offers a forward-looking perspective on the nation's economic performance and helps policymakers and analysts anticipate economic shifts.
Methodology
The data is collected and calculated by the OECD using a standardized methodology across member countries.
Historical Context
This leading indicator is widely used by economists, investors, and policymakers to assess Ireland's economic outlook and inform decision-making.
Key Facts
- The data is published monthly by the OECD.
- Ireland's leading indicators are normalized to the OECD average of 100.
- This metric is part of the OECD's Composite Leading Indicators system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the normalized leading economic indicators for Ireland, providing insights into the country's economic trajectory.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is widely used by economists, investors, and policymakers to assess Ireland's economic outlook and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using a standardized methodology across member countries.
Q: How is this trend used in economic policy?
A: This leading indicator is used by policymakers to anticipate economic shifts and inform policy decisions for Ireland.
Q: Are there update delays or limitations?
A: The data is published monthly by the OECD, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Currency conversion: Normalised for Ireland (IRLLOCOEXNOSTSAM), retrieved from FRED.