Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for OECD
OECDCSCICP03IXNSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.11
Year-over-Year Change
1.66%
Date Range
1/1/1973 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for OECD is an economic indicator that tracks consumer confidence in the United States. It is a leading indicator used by economists and policymakers to anticipate changes in economic conditions.
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 trend represents a composite index of consumer confidence in the US, adjusted for seasonal variations. It is a key leading indicator that signals future economic activity and consumer spending patterns.
Methodology
The data is collected through household surveys and aggregated by the OECD.
Historical Context
This indicator informs economic analysis and helps guide policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- It is a composite of multiple consumer confidence surveys.
- Higher values indicate increased consumer optimism.
FAQs
Q: What does this economic trend measure?
A: This trend measures a composite index of consumer confidence in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator provides insight into consumer sentiment and is used by economists and policymakers to anticipate changes in economic conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and aggregated by the OECD.
Q: How is this trend used in economic policy?
A: This indicator informs economic analysis and helps guide policy decisions related to consumer spending, monetary policy, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published with a short lag and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for OECD (OECDCSCICP03IXNSAM), retrieved from FRED.