Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Estonia
CSCICP03EEM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.09
Year-over-Year Change
-0.79%
Date Range
10/1/1992 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Estonia is a key economic indicator that tracks consumer sentiment and confidence in Estonia.
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 measures the overall level of consumer confidence and optimism in the Estonian economy. It is a leading indicator used by economists and policymakers to gauge future economic trends and consumer spending patterns.
Methodology
The data is collected through surveys of Estonian households and compiled by the OECD.
Historical Context
The consumer confidence index is widely referenced by investors, businesses, and government agencies to understand consumer demand and make informed economic decisions.
Key Facts
- Estonia is a Baltic state and member of the European Union.
- Consumer confidence is a leading indicator of future economic activity.
- The OECD compiles this index from survey data of Estonian households.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall level of consumer confidence and optimism in the Estonian economy.
Q: Why is this trend relevant for users or analysts?
A: Consumer confidence is a leading indicator that provides insights into future consumer spending and economic trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Estonian households and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this index to gauge consumer demand and make informed decisions about the Estonian economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions by the OECD.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Estonia (CSCICP03EEM665S), retrieved from FRED.