Leading Indicators OECD: Component series: BTS - Order books: Normalised for the Russian Federation
RUSLOCOBONOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.32
Year-over-Year Change
1.57%
Date Range
9/1/1992 - 1/1/2022
Summary
The OECD Leading Indicators Component series on order books for the Russian Federation measures business confidence and economic expectations.
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 tracks the normalized order books of Russian businesses, providing insight into market demand and broader economic conditions. It is a leading indicator used to forecast future economic activity.
Methodology
The data is collected through business surveys and normalized to account for seasonal and calendar effects.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the Russian economy's near-term trajectory.
Key Facts
- This is a component of the OECD's Composite Leading Indicators for Russia.
- Order books reflect domestic and foreign demand for Russian goods and services.
- Normalized data accounts for seasonal factors to identify underlying economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the normalized order books of businesses in Russia, providing insight into domestic and foreign demand for Russian goods and services.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is closely watched by economists and policymakers to assess the near-term trajectory of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and normalized to account for seasonal and calendar effects.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to gauge business confidence and predict future economic activity in Russia.
Q: Are there update delays or limitations?
A: The OECD Leading Indicators are published monthly, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: BTS - Order books: Normalised for the Russian Federation (RUSLOCOBONOSTSAM), retrieved from FRED.