Translation and analysis of words by ChatGPT artificial intelligence
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confidence index - translation to russian
статистика
показатель достоверности
Definition
Wikipedia
A consumer confidence index (CCI) is an economic indicator published by various organizations in several countries.
In simple terms, increased consumer confidence indicates economic growth in which consumers are spending money, indicating higher consumption. Decreasing consumer confidence implies slowing economic growth, and so consumers are likely to decrease their spending. The idea is that the more confident people feel about the economy and their jobs and incomes, the more likely they are to make purchases. Declining consumer confidence is a sign of slowing economic growth and may indicate that the economy is headed into trouble.
