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Annual
CCUSSP01AUA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
-33.34%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the annual rate of change in the Consumer Confidence Survey of the University of Michigan. It provides insights into consumer attitudes and expectations, which are key indicators of economic activity.
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
The Annual series from the University of Michigan Consumer Confidence Survey tracks the year-over-year change in consumer sentiment. This metric is widely used by economists and policymakers to gauge consumer confidence and predict future spending patterns.
Methodology
The data is collected through monthly household surveys conducted by the University of Michigan.
Historical Context
Consumer confidence is a critical input for economic and monetary policy decisions.
Key Facts
- The survey has been conducted since 1946.
- Consumer confidence is a leading indicator of future spending.
- Policymakers closely monitor consumer confidence trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual rate of change in the University of Michigan Consumer Confidence Survey, which tracks consumer attitudes and expectations.
Q: Why is this trend relevant for users or analysts?
A: Consumer confidence is a key indicator of future economic activity, as it reflects consumers' willingness to spend. Monitoring this trend helps economists and policymakers understand current and future consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the University of Michigan.
Q: How is this trend used in economic policy?
A: Consumer confidence is a critical input for economic and monetary policy decisions, as it reflects consumers' willingness to spend and can signal future changes in economic activity.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Annual (CCUSSP01AUA650N), retrieved from FRED.