Leading Indicators OECD: Component Series: Confidence Indicator: Normalised for United States
USALOCOCINOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.65
Year-over-Year Change
3.10%
Date Range
1/1/1978 - 12/1/2023
Summary
The Leading Indicators OECD: Component Series: Confidence Indicator for the United States measures the level of confidence among consumers and businesses. This metric is a leading indicator used to forecast economic trends and inform policy decisions.
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 tracks the composite confidence level across various sectors of the U.S. economy. It is a key leading indicator that can signal emerging economic conditions and provide insights for policymakers and analysts.
Methodology
The data is collected through surveys of businesses and consumers, then aggregated and normalized to a standard scale.
Historical Context
Policymakers and investors closely monitor this confidence indicator to anticipate changes in economic growth, consumer spending, and other macroeconomic trends.
Key Facts
- The indicator is normalized to a scale of 0 to 100, with 100 representing the highest level of confidence.
- The U.S. confidence indicator reached a low of 78.3 in April 2020 during the COVID-19 pandemic.
- This leading indicator has historically shown changes ahead of shifts in the broader economy.
FAQs
Q: What does this economic trend measure?
A: The Leading Indicators OECD: Component Series: Confidence Indicator for the United States measures the overall level of confidence among consumers and businesses in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This confidence indicator is a key leading economic metric that can signal emerging trends and provide insights for policymakers, investors, and analysts seeking to anticipate changes in economic growth, consumer spending, and other macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers, then aggregated and normalized to a standard scale.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this confidence indicator to gauge economic conditions and inform their decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and the confidence indicator may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Confidence Indicator: Normalised for United States (USALOCOCINOSTSAM), retrieved from FRED.