Consumer confidence indicator

Domain : Macroeconomic statistics

Circuit : Business tendency surveys and consumer opinions

Modified : 2023-03-10

Term

Consumer confidence indicator (CCI)

Area of use

Business tendency surveys and consumer opinions

Definition

Consumer Confidence Indicator is a composite indicator calculated as the arithmetic mean of the balances of estimated development of economy, unemployment in the country and estimated financial situation and savings of own households, (unemployment is with an opposite sign). All the four components are identical in weight.

Source

Statistical Office of the SR

Unit of measure

Business balances

Method of calculation

CCI = (SK.2 + SK.4 + (-SK.7) + SK.11) / 4

whereby

SK.2, SK.4, SK.7, SK.11 are CCI components defined by the European Commission

The values of the relevant coefficient also range from minus hundred to plus hundred. The value -100 refers to great concerns, mistrust and pessimism; the value +100 represents absolute consumer confidence, content and optimism.

Legal basis

Relation to international standards

The Joint Harmonised EU Programme of Business and Consumer Surveys User Guide

Related terms

Consumer Survey, The economic sentiment indicator (ESI)

Synonyms

Consumer mood

Context