Consumer Confidence & Sentiment Reports

Leading/Coincident/Lagging: Leading Economic Indicator
Type: Survey, Index (Above/Below Index Number)

Summary: Consumer sentiment and consumer confidence reports measure the confidence consumers have in the economy, which directly impacts their willingness to spend. If confidence is low they will spend less and save more, and the economy will shrink. If confidence is high they will spend more and save less, and the economy will grow. Consumers are actively called to acquire consumer confidence level. There’s no defined numbers for growing or shrinking economies. Levels must be correlated to RGDP Growth to see where the economy might move based on historical data.

Impact on Local Currency: High numbers (above baseline number) attract foreigners purchasing the currency. This is especially true for nations whose economies rely primarily on consumer spending to generate GDP within their economies. Increasing numbers indicate a rising trend. Low numbers (below baseline number) scare foreigners away from an economy. They’ll sell the currency.