Monitor EZ Consumer Confidence to gauge spending trends. Key for Forex, reflects economic optimism or pessimism.
Consumer financial confidence serves as a crucial indicator of spending habits, which represent a significant portion of total economic activity. A reading above 0 signifies optimism, while a reading below indicates pessimism. Two versions of this report are issued about a week apart: the Flash report, first released in January 2010, is the initial report and typically has the greatest impact. The Final report is not published due to its limited significance.
What it Measures
This index reflects the level of consumer sentiment based on survey responses.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is viewed positively for the currency.
Source & Frequency
Eurostat (latest release) - https://ec.europa.eu/eurostat/web/main/home • This report is released monthly, approximately 22 days into the current month.
How Data is Derived
Survey of about 17,500 consumers in Eurozone countries which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, employment, inflation, and climate for major purchases
Also Known As
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