Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Ireland
CSCICP03IEM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.97
Year-over-Year Change
-2.36%
Date Range
1/1/1974 - 1/1/2023
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Ireland measures consumer confidence in Ireland, providing a leading indicator of economic conditions.
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 series tracks a composite index of consumer confidence factors in Ireland, adjusted for seasonal variations. It is a key leading indicator used by economists and policymakers to anticipate changes in the Irish economy.
Methodology
The data is collected through consumer surveys and aggregated into a composite index.
Historical Context
This trend is widely referenced by analysts monitoring the Irish consumer market and broader economic outlook.
Key Facts
- The index ranges from 0 to 100, with 100 representing the highest level of consumer confidence.
- Ireland's consumer confidence hit a record low of 42.8 in May 2020 due to the COVID-19 pandemic.
- The index has rebounded since 2020, signaling improvements in the Irish economic outlook.
FAQs
Q: What does this economic trend measure?
A: This trend measures a composite index of consumer confidence factors in Ireland, providing a leading indicator of economic conditions in the country.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is widely used by economists, policymakers, and market analysts to anticipate changes in the Irish economy and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and aggregated into a composite index.
Q: How is this trend used in economic policy?
A: This consumer confidence indicator helps inform economic policymaking and market strategies in Ireland and internationally.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into evolving consumer sentiment in Ireland.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Ireland (CSCICP03IEM665S), retrieved from FRED.