The Economic Sentiment Indicator in Faroe Islands decreased to -16 in the second half of 2020 from+32 in the first half. source: Statistics Faroe Islands

Economic Optimism Index in Faroe Islands averaged 17.83 points from 2006 until 2020, reaching an all time high of 47 points in the first quarter of 2007 and a record low of -29 points in the first quarter of 2009. This page provides - Faroe Islands Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Economic Sentiment Indicator - values, historical data and charts - was last updated on January of 2021.

Economic Optimism Index in Faroe Islands is expected to be 25.15 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Optimism Index in Faroe Islands to stand at 25.24 in 12 months time. In the long-term, the Faroe Islands Economic Sentiment Indicator is projected to trend around 25.25 points in 2021 and 25.26 points in 2022, according to our econometric models.

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Faroe Islands Economic Sentiment Indicator

Actual Previous Highest Lowest Dates Unit Frequency
-16.00 32.00 47.00 -29.00 2006 - 2020 points Quarterly

Faroe Islands Consumer Last Previous Highest Lowest Unit
Consumer Confidence 0.00 5.00 19.00 -29.00 points [+]
Economic Optimism Index -16.00 32.00 47.00 -29.00 points [+]

Faroe Islands Economic Sentiment Indicator
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.