Leading Indicators OECD: Component series: Orders: Normalised for Sweden
SWELOCOODNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.73
Year-over-Year Change
-0.22%
Date Range
1/1/1970 - 9/1/2022
Summary
The OECD Leading Indicators for Sweden measure the composite index of leading economic indicators, including new orders. This provides an early signal of turning points in the Swedish business cycle.
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 OECD Leading Indicators are a composite index that tracks various economic variables to predict future economic activity. The orders component reflects new orders for goods and services, which is an important leading indicator of industrial production and overall economic conditions.
Methodology
The data is collected through surveys of businesses and compiled by the OECD.
Historical Context
Policymakers and analysts use this index to anticipate changes in the Swedish economy and inform economic decision-making.
Key Facts
- The index is normalized to 100 for the base year.
- The orders component makes up around 10% of the overall index.
- Sweden is a major European economy and manufacturing hub.
FAQs
Q: What does this economic trend measure?
A: The OECD Leading Indicators for Sweden measure a composite index of leading economic indicators, including new orders, to predict turning points in the Swedish business cycle.
Q: Why is this trend relevant for users or analysts?
A: This index provides an early signal of changes in the Swedish economy, allowing policymakers and analysts to anticipate and respond to economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform economic decision-making and anticipate changes in the Swedish economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Orders: Normalised for Sweden (SWELOCOODNOSTSAM), retrieved from FRED.