Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Finland
ODCNPI03FIQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-16.32
Year-over-Year Change
352.36%
Date Range
7/1/1955 - 1/1/2025
Summary
This economic trend tracks the number of construction permits issued for new dwellings and residential buildings in Finland. It serves as an important leading indicator of future construction activity and investment.
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 Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Finland indicator provides insight into the level of planned construction projects in the country's housing and residential sectors. It is used by economists and policymakers to assess the near-term outlook for the construction industry and broader economic conditions.
Methodology
The data is collected by the national statistical agency through surveys of construction permit issuance.
Historical Context
This trend is closely monitored by Finland's central bank and government to help guide economic and housing policy decisions.
Key Facts
- Construction permits are a leading indicator of future building activity.
- Residential construction is a key driver of economic growth in Finland.
- Permit issuance data helps policymakers assess the housing market outlook.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of construction permits issued for new dwellings and residential buildings in Finland.
Q: Why is this trend relevant for users or analysts?
A: The construction permits data provides an early signal of future activity in the housing and residential construction sectors, which are important drivers of the Finnish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction permit issuance by Finland's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers in Finland closely monitor this indicator to help guide housing, infrastructure, and broader economic policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays, providing timely insights into the construction industry.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Finland (ODCNPI03FIQ657S), retrieved from FRED.