Source | |
Measures | Level of a composite index based on surveyed households; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released monthly, excluding January, about 10 days after the month ends; |
Next Release | |
FF Notes | Above 0.0 indicates optimism, below indicates pessimism. Source changed series calculation formula as of Nov 09. Source changed release frequency from quarterly to monthly as of Feb 2024; |
Why Traders Care | Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; |
Derived Via | Survey of about 3,600 households which asks respondents to rate the relative level of past and future economic conditions; |
Acro Expand | State Secretariat for Economic Affairs (SECO); |