Leading Indicators OECD: Component Series: Construction: Normalised for Japan
JPNLOCODWNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.63
Year-over-Year Change
-0.83%
Date Range
1/1/1960 - 11/1/2023
Summary
The Leading Indicators OECD: Component Series: Construction: Normalised for Japan measures a leading indicator of economic activity in Japan's construction sector. This trend is a key metric for economists and policymakers assessing the health of the Japanese 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 indicator is one of several leading components that make up the OECD's Composite Leading Indicator for Japan. It provides an early signal of turning points in the Japanese business cycle, with the construction industry often a leading sector.
Methodology
The data is collected and normalized by the OECD based on surveys and statistical modeling.
Historical Context
Policymakers and analysts use this metric to gain insights into the near-term direction of the Japanese economy.
Key Facts
- Japan is the world's third-largest economy.
- The construction industry accounts for around 6% of Japan's GDP.
- The OECD Leading Indicators are watched closely by global investors.
FAQs
Q: What does this economic trend measure?
A: This trend measures a leading indicator of construction activity in Japan, providing an early signal of turning points in the broader Japanese business cycle.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key sector, and this leading indicator offers insights into the near-term direction of the Japanese economy, which is of great interest to policymakers, investors, and other stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and normalized by the OECD based on surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gain insights into the trajectory of the Japanese economy, which informs decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The OECD Leading Indicators are published monthly, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Construction: Normalised for Japan (JPNLOCODWNOSTSAM), retrieved from FRED.