Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Major Five Asia Economies
CSCICP035AM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.22
Year-over-Year Change
0.07%
Date Range
1/1/1990 - 12/1/2023
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Major Five Asia Economies measures the confidence and sentiment of consumers in major Asian economies. This trend is a key indicator of economic health and future growth in the region.
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 indicator tracks consumer confidence by measuring factors like spending intentions, employment outlook, and economic expectations across the five largest Asian economies. It provides a composite view of consumer attitudes that can signal turning points in regional business cycles.
Methodology
The data is calculated based on survey responses from households and businesses across China, Japan, South Korea, India, and Indonesia.
Historical Context
Policymakers and economists closely monitor this leading indicator to assess the trajectory of consumer-driven growth in Asia.
Key Facts
- Covers the 5 largest Asian economies by GDP.
- Provides a forward-looking measure of regional consumer sentiment.
- Used by policymakers to gauge the business cycle in Asia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks consumer confidence and sentiment across the five largest Asian economies, providing a composite leading signal for regional economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Consumer confidence is a key indicator of future spending and economic growth, so this composite measure is closely watched by policymakers and analysts to assess the business cycle in major Asian markets.
Q: How is this data collected or calculated?
A: The data is based on survey responses from households and businesses across China, Japan, South Korea, India, and Indonesia.
Q: How is this trend used in economic policy?
A: Policymakers monitor this leading indicator to gauge the trajectory of consumer-driven growth in Asia and inform their economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insights into evolving consumer sentiment across the region.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Major Five Asia Economies (CSCICP035AM665S), retrieved from FRED.