Leading Indicators OECD: Component series: Currency conversion: Original series for Ireland
IRLLOCOEXORIXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.56
Year-over-Year Change
-0.93%
Date Range
1/1/1970 - 11/1/2022
Summary
The Leading Indicators OECD: Component series: Currency conversion: Original series for Ireland measures economic conditions in Ireland by tracking leading indicators like production, employment, and consumer confidence.
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 economic indicator is part of the OECD's Composite Leading Indicators (CLI) system, which analyzes time series data to identify turning points in economic activity. It provides insights into the health and trajectory of the Irish economy.
Methodology
The data is collected through surveys and administrative sources by the OECD.
Historical Context
This trend is used by policymakers, analysts, and investors to anticipate changes in the Irish economy.
Key Facts
- The CLI for Ireland has been published since 1960.
- The indicator uses over 10 component series to track the Irish economy.
- Ireland's CLI is a closely watched barometer of economic health.
FAQs
Q: What does this economic trend measure?
A: The Leading Indicators OECD: Component series: Currency conversion: Original series for Ireland measures a composite of leading economic indicators for the Irish economy, including production, employment, and consumer confidence.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the future direction of the Irish economy, helping policymakers, investors, and analysts anticipate changes and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative sources by the OECD and compiled into a composite leading indicator.
Q: How is this trend used in economic policy?
A: Policymakers, central banks, and other institutions closely monitor this trend to assess the health of the Irish economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The OECD publishes this data on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Currency conversion: Original series for Ireland (IRLLOCOEXORIXOBM), retrieved from FRED.