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Final Consumer Confidence in the Eurozone

Country:
EUREurozone
Importance:
★★
Data Trends
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Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About Final Consumer Confidence in the Eurozone

The finalized Consumer Confidence Index (CCI) is an indicator that shows how optimistic or pessimistic consumers in the Eurozone are about the economic situation. This data is released monthly by the European Commission and represents the final figures adjusted based on initial estimates.

The Consumer Confidence Index is calculated based on survey responses regarding consumers' income, employment situation, and general economic outlook. A high index suggests consumers are optimistic about the economy, potentially leading to increased consumer spending. Conversely, a low index indicates pessimism among consumers, which may lead to decreased consumer spending.

This data serves as a reference for policymakers to assess consumer psychological trends and formulate appropriate economic policies. Additionally, it is a crucial source of information for businesses and investors to understand trends in consumer confidence and economic outlooks.

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