Measures Level of a composite index based on surveyed manufacturers, builders, services and trade-related firms;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, around 3 weeks into the current month;
Next Release Nov 24, 2015
FF Notes Above 0.0 indicates improving conditions, below indicates worsening conditions. This survey is highly respected due to its source and large sample size. Source changed series calculation formula as of April 2009;
Why Traders
Care It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Derived Via Survey of about 6,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months;
Also Called Business Confidence Gross Synthetic Curve;
Acro Expand National Bank of Belgium (NBB);