Daily
CHNRECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/5/2020 - 9/30/2022
Summary
The Daily China Redbook Consumer Confidence Index tracks daily changes in consumer confidence in China. This high-frequency data is used by economists and policymakers to monitor the health of the Chinese consumer sector.
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 Daily China Redbook Consumer Confidence Index is a proprietary index produced by a private data provider. It aggregates daily consumer sentiment and purchasing intent signals from a large panel of Chinese consumers to provide a real-time pulse on the Chinese consumer economy.
Methodology
The index is calculated from a variety of online and mobile data sources tracking consumer behavior.
Historical Context
This daily index is closely watched by analysts and policymakers to assess the trajectory of the Chinese consumer market.
Key Facts
- The index is published every business day.
- It tracks consumer sentiment across major urban centers in China.
- The index has a base value of 100 set in January 2020.
FAQs
Q: What does this economic trend measure?
A: The Daily China Redbook Consumer Confidence Index measures real-time changes in consumer sentiment and purchasing intent among Chinese consumers.
Q: Why is this trend relevant for users or analysts?
A: This high-frequency index provides timely insights into the health of China's consumer economy, which is a critical driver of overall economic growth.
Q: How is this data collected or calculated?
A: The index is calculated from a variety of online and mobile data sources tracking consumer behavior.
Q: How is this trend used in economic policy?
A: The Daily China Redbook Consumer Confidence Index is closely monitored by analysts and policymakers to assess the trajectory of the Chinese consumer market and inform economic decision-making.
Q: Are there update delays or limitations?
A: The index is published every business day with no significant update delays.
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Citation
U.S. Federal Reserve, Daily China Redbook Consumer Confidence Index (CHNRECD), retrieved from FRED.