Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Sweden
CSCICP03SEM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.80
Year-over-Year Change
3.92%
Date Range
10/1/1995 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Sweden is an economic indicator that measures the overall confidence of Swedish consumers. It is a key metric used by policymakers and analysts to gauge the strength of the Swedish economy.
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 indicator is part of the Composite Leading Indicators (CLI) system developed by the OECD to provide early signals of turning points in economic activity. The Composite Consumer Confidence Amplitude Adjusted for Sweden specifically focuses on consumer sentiment, which is an important driver of economic growth.
Methodology
The data is collected through survey responses from a sample of Swedish consumers.
Historical Context
This trend is closely monitored by the Swedish central bank and government to inform economic policy decisions.
Key Facts
- The CLI Composite Consumer Confidence Amplitude Adjusted for Sweden is an OECD-developed indicator.
- Consumer confidence is a key driver of economic growth in Sweden.
- This trend is closely monitored by Swedish policymakers.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Sweden measures the overall confidence of Swedish consumers, which is an important indicator of the strength of the Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for users and analysts because consumer confidence is a key driver of economic growth, and this indicator provides an early signal of turning points in Swedish economic activity.
Q: How is this data collected or calculated?
A: The data for this indicator is collected through survey responses from a sample of Swedish consumers.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Swedish central bank and government to inform economic policy decisions, as consumer confidence is a critical component of the overall economic outlook.
Q: Are there update delays or limitations?
A: There may be some update delays or limitations in the data collection process, as survey-based indicators can be subject to sampling and response biases.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Sweden (CSCICP03SEM665S), retrieved from FRED.