The industrial confidence indicator in the Faroe Islands increased to -19 in the first half of 2021 from -28 in the second half of 2020. source: Statistics Faroe Islands

Business Confidence in Faroe Islands averaged 11.17 points from 2006 until 2021, reaching an all time high of 40 points in the second quarter of 2013 and a record low of -36 points in the first quarter of 2009. This page provides - Faroe Islands Industrial Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Industrial Confidence - values, historical data and charts - was last updated on May of 2021.

Business Confidence in Faroe Islands is expected to be 14.24 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Faroe Islands to stand at 13.94 in 12 months time. In the long-term, the Faroe Islands Industrial Confidence is projected to trend around 13.58 points in 2022 and 13.55 points in 2023, according to our econometric models.

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Faroe Islands Industrial Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-19.00 -28.00 40.00 -36.00 2006 - 2021 points Quarterly

Faroe Islands Business Last Previous Highest Lowest Unit
Internet Speed 12245.28 11821.64 12245.28 875.70 KBps [+]
IP Addresses 19555.00 17941.00 19555.00 12444.00 IP [+]
Business Confidence -19.00 -28.00 40.00 -36.00 points [+]

Faroe Islands Industrial Confidence
In Faroe Islands, the indicator and balances for the primary sector and other industries show development, current situation and expectations based on 15 questions asked twice a year in a survey of 35-40 companies. The questions refer to i.a. trends in production, possible limiting factors, expected employment, expected changes in prices, order books, production capacity and market trends home and abroad. The indicator is average of balances ranging from -100 to +100. Any single value only makes sense when compared to previous answers to the same question.