Specs
© Forex Factory
Source Eurostat (latest release)
Measures Level of a diffusion index based on surveyed consumers;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, about 20 days after the month ends;
Next Release May 21, 2014
FF Notes Above 0 indicates optimism, below indicates pessimism. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jan 2010, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance;
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 2,300 consumers in Eurozone countries which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, employment, inflation, and climate for major purchases;