Menu
Definition:
Current consumer confidence indicator
Definition:
Describes current trends in individual consumption.
It is calculated as an arithmetic average of balances of answers concerning: evaluation of financial situation of a household over last 12 months, evaluation of financial situation of a household over next 12 months, evaluation of general economic situation in a country over last 12 months, evaluation of general economic situation in a country over next 12 months and currently made major purchases.
Consumer confidence indicator receive values between -100 and +100. A positive value means dominance of consumers with optimistic attitude over consumers with pessimistic attitude, while negative value means dominance of consumers with pessimistic attitude over consumers with optimistic attitude.