Leading Indicators OECD: Component series: Orders: Original series for Sweden
SWELOCOODORIXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.31
Year-over-Year Change
5.64%
Date Range
1/1/1970 - 9/1/2022
Summary
The Leading Indicators OECD: Component series: Orders: Original series for Sweden measures economic activity and trends in Sweden's manufacturing sector. This leading indicator is used by economists and policymakers to assess Sweden's economic outlook.
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 new orders received by Swedish manufacturing firms. It is an important barometer of future production, investment, and employment in the Swedish economy. Economists closely monitor this data to anticipate changes in the business cycle.
Methodology
The data is collected through surveys of purchasing managers at Swedish manufacturing companies.
Historical Context
This leading indicator provides insight into Sweden's economic performance and is used to inform monetary and fiscal policy decisions.
Key Facts
- New orders received by Swedish manufacturers are a leading indicator of economic activity.
- This data helps predict future production, investment, and employment in Sweden.
- The OECD compiles this indicator to monitor economic trends across member countries.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks new orders received by manufacturing firms in Sweden. It is a leading indicator of future production, investment, and employment in the Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insight into the current and future state of Sweden's manufacturing sector, which is a key driver of the country's overall economic performance. Economists and policymakers use this indicator to assess the Swedish business cycle and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of purchasing managers at Swedish manufacturing companies.
Q: How is this trend used in economic policy?
A: This leading indicator is used by the OECD, as well as Swedish and international economists and policymakers, to monitor the health of the Swedish economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Orders: Original series for Sweden (SWELOCOODORIXOBSAM), retrieved from FRED.