Leading Indicators OECD: Component series: Services - Demand Expectation: Normalised for Sweden
SWELOCOS3NOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.22
Year-over-Year Change
-2.56%
Date Range
4/1/1996 - 11/1/2022
Summary
The OECD Leading Indicators Services - Demand Expectation: Normalised for Sweden tracks consumer and business sentiment in the Swedish services sector, providing an early signal of economic trends.
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 index is a composite leading indicator that combines several sub-components to measure overall demand expectations in the Swedish services industry. It is used by economists and policymakers to anticipate future economic activity and consumer/business confidence.
Methodology
The data is collected through surveys of businesses and consumers in Sweden.
Historical Context
This indicator offers insights into the health of the Swedish services sector, which is a key driver of the country's overall economic performance.
Key Facts
- Sweden is a major services-based economy.
- This index is a composite of several sub-components.
- It provides an early signal of future economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks consumer and business sentiment in the Swedish services sector, providing an early signal of economic trends.
Q: Why is this trend relevant for users or analysts?
A: This index is used by economists and policymakers to anticipate future economic activity and consumer/business confidence in the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers in Sweden.
Q: How is this trend used in economic policy?
A: This indicator offers insights into the health of the Swedish services sector, which is a key driver of the country's overall economic performance, and is used by policymakers to inform decision-making.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions or delays in availability.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Services - Demand Expectation: Normalised for Sweden (SWELOCOS3NOSTSAM), retrieved from FRED.