Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Austria
CSCICP03ATM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.16
Year-over-Year Change
1.30%
Date Range
1/1/1977 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Austria is an economic indicator that measures the consumer confidence level in Austria. It is a key gauge of economic conditions and consumer sentiment.
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 composite index tracks several components related to consumer confidence, including expectations, willingness to make major purchases, and overall economic outlook. It is used by economists and policymakers to assess the health and trajectory of the Austrian economy.
Methodology
The data is collected through consumer surveys and aggregated into a composite index by the OECD.
Historical Context
This indicator helps inform monetary and fiscal policy decisions in Austria.
Key Facts
- The index is measured on a scale of 0 to 100, with 100 representing the highest level of consumer confidence.
- Austria's consumer confidence has fluctuated between 90 and 100 over the past decade.
- Consumer confidence is a leading indicator of economic growth and spending in Austria.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Austria measures the level of consumer confidence in the Austrian economy.
Q: Why is this trend relevant for users or analysts?
A: Consumer confidence is a key indicator of economic conditions and consumer spending, which are important factors for businesses, policymakers, and investors to monitor in Austria.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and aggregated into a composite index by the OECD.
Q: How is this trend used in economic policy?
A: This indicator helps inform monetary and fiscal policy decisions in Austria, as consumer confidence is a leading indicator of economic growth and spending.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely insights into the state of consumer confidence in Austria.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Austria (CSCICP03ATM665S), retrieved from FRED.