Faroe Islands Economic Sentiment Indicator

The Economic Sentiment Indicator in Faroe Islands declined to 21 in the first half of 2019 from 25 in the second half of 2018. Economic Optimism Index in Faroe Islands averaged 18.32 Index Points from 2006 until 2018, reaching an all time high of 47 Index Points in the first quarter of 2007 and a record low of -29 Index Points in the first quarter of 2009.

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Faroe Islands Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	11.00	10.00	13.00	-29.00	Index Points	[+]
Economic Optimism Index	21.00	25.00	47.00	-29.00	Index Points	[+]

In Faroe Islands, the economic sentiment indicator is based on indicators from business and consumer surveys. The indicators of each survey are calculated as average of 'balances' between positive and negative replies of a selection of questions, e.g. the consumer index ''is an arithmetic mean of 4 of the 15 questions in the survey. The composite indicator and each of the indicators are in the range from plus 100 to minus 100. Any single value only makes sense when compared to previous answers to the same question. This page provides - Faroe Islands Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Economic Sentiment Indicator - actual data, historical chart and calendar of releases - was last updated on June of 2019.