Is a referendum on nearly 350 economic institution and a German economic analyst, in order to predict the economic situation for the next 6 months, so it is considered the index of leading indicators for the economy.
Release date:
Index released on Tuesday in the first or second week of each month.
Type Indicator:
Confidence Index
Source:
Center for European Economic Research
The degree of influence:
News of strong capable of moving the market immediately after its release, and if the results of the referendum appeared above zero, this indicates that the recovery of the economy and rising consumer confidence in the economy. And vice versa.
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