Leading Indicators OECD: Component series: CS - Confidence indicator: Normalised for Sweden
SWELOCOCINOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.50
Year-over-Year Change
-5.87%
Date Range
10/1/1995 - 11/1/2022
Summary
The Leading Indicators OECD: Component series: CS - Confidence indicator: Normalised for Sweden measures the sentiment and expectations of Swedish consumers and businesses.
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 a composite index that tracks several variables related to Swedish consumer and business confidence. It is used by economists and policymakers to assess the health and direction of the Swedish economy.
Methodology
The data is collected through surveys of Swedish households and firms.
Historical Context
The confidence indicator provides insights into the Swedish economic cycle and can inform policy decisions.
Key Facts
- The index is normalized with a long-term average of 100.
- Values above 100 indicate above-average confidence.
- The indicator is released monthly.
FAQs
Q: What does this economic trend measure?
A: The Leading Indicators OECD: Component series: CS - Confidence indicator: Normalised for Sweden measures the overall sentiment and expectations of Swedish consumers and businesses.
Q: Why is this trend relevant for users or analysts?
A: This confidence indicator provides important insights into the current state and future direction of the Swedish economy, which is valuable for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish households and firms.
Q: How is this trend used in economic policy?
A: The confidence indicator is used by the Swedish government and central bank to monitor economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The indicator is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: CS - Confidence indicator: Normalised for Sweden (SWELOCOCINOSTSAM), retrieved from FRED.