Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Slovak Republic
CSCICP03SKM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.96
Year-over-Year Change
3.46%
Date Range
4/1/1999 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Slovak Republic is an economic indicator that measures consumer sentiment and confidence in the Slovak Republic. It is a critical gauge for policymakers and analysts monitoring the country's economic health and outlook.
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 indicator combines various measures of consumer attitudes and expectations to provide a holistic view of consumer confidence in Slovakia. It is a leading indicator, meaning it can signal future economic trends and help forecast changes in consumer spending and overall economic activity.
Methodology
The data is collected through surveys and compiled by the OECD.
Historical Context
This indicator is widely used by economists, investors, and policymakers to assess the Slovak Republic's economic performance and make informed decisions.
Key Facts
- The indicator is published monthly by the OECD.
- It ranges from 0 to 100, with 100 representing the highest level of consumer confidence.
- Consumer confidence is a leading indicator of economic activity in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Slovak Republic measures the overall level of consumer confidence and sentiment in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a crucial tool for economists, policymakers, and investors to gauge the current and future economic conditions in Slovakia, as consumer confidence is a leading predictor of spending and economic activity.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers in Slovakia and analysts monitor this indicator to assess the country's economic health, make informed policy decisions, and forecast future economic trends.
Q: Are there update delays or limitations?
A: The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Slovak Republic is published monthly, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Slovak Republic (CSCICP03SKM665S), retrieved from FRED.