Consumer Opinion Surveys: Composite Consumer Confidence for Russia
RUSCSCICP02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15.00
Year-over-Year Change
-50.00%
Date Range
1/1/2000 - 4/1/2023
Summary
The Consumer Opinion Surveys: Composite Consumer Confidence for Russia tracks consumer sentiment and expectations in the Russian economy. It is a key indicator of economic conditions and consumer behavior.
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 composite index measures Russian consumers' perceptions of current economic conditions and their outlook for the future. It is used by economists and policymakers to assess consumer confidence, which influences spending and investment decisions.
Methodology
The data is collected through survey responses from a representative sample of Russian households.
Historical Context
Trends in consumer confidence can inform monetary and fiscal policy decisions in Russia.
Key Facts
- The index ranges from 0 to 200, with 100 indicating a neutral outlook.
- Consumer confidence tends to rise during periods of economic growth and decline during recessions.
- Tracking changes in the index can help predict future consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: The Consumer Opinion Surveys: Composite Consumer Confidence for Russia tracks Russian consumers' perceptions of current economic conditions and their expectations for the future.
Q: Why is this trend relevant for users or analysts?
A: Consumer confidence is a key indicator of economic health, as it influences consumer spending and investment decisions. Monitoring this trend can provide valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through survey responses from a representative sample of Russian households.
Q: How is this trend used in economic policy?
A: Trends in consumer confidence can inform monetary and fiscal policy decisions in Russia, as they reflect the public's economic outlook and willingness to spend or invest.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be delays in data availability or limitations in sample size or survey methodology.
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Citation
U.S. Federal Reserve, Consumer Opinion Surveys: Composite Consumer Confidence for Russia (RUSCSCICP02STSAQ), retrieved from FRED.