Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for G7
G7CSCICP03IXNSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.85
Year-over-Year Change
1.71%
Date Range
1/1/1973 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for G7 is a key economic indicator that tracks consumer sentiment across the G7 nations. It provides valuable insights into the overall health and outlook of the global 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 composite index aggregates and standardizes consumer confidence data from the major developed economies, allowing for cross-country comparisons and analysis of broader trends. It is used by economists, policymakers, and market analysts to anticipate changes in economic activity and consumer spending patterns.
Methodology
The data is collected through consumer surveys and compiled by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This indicator informs policy decisions and market forecasting at national and international levels.
Key Facts
- The index has a base year of 2015 = 100.
- It covers the G7 countries: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Amplitude adjustment removes seasonal fluctuations for more accurate trend analysis.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for G7 measures aggregated consumer sentiment across the major developed economies of the G7.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the overall health and outlook of the global economy, informing policy decisions and market forecasting at national and international levels.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: This indicator is used by economists, policymakers, and market analysts to anticipate changes in economic activity and consumer spending patterns, which informs policy decisions and market forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
Related Trends
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for G7
G7LFUN64TTSTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 25 to 54 Years for G7
G7LFIN25FESTQ
Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for G7
G7LFEM64FESTQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 25 to 54 Years for G7
G7LFWA25FESTSAQ
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7
G7LFACTTTTGPQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for G7
G7LRHUADMASTSAM
Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for G7 (G7CSCICP03IXNSAM), retrieved from FRED.