The consumer confidence indicator in the Euro Area increased by 0.9 points from the previous month to -21.1 in May of 2022, in line with market expectations. In the European Union as a whole, however, consumer confidence weakened mildly by 0.4 points to -22, the lowest since April 2020. While consumers’ views on their past financial situation and expectations about the general economic situation worsened, their intentions to make major purchases stabilised and expectations about their future financial situation saw some further relief. source: European Commission
Consumer Confidence in the Euro Area averaged -10.03 points from 1985 until 2022, reaching an all time high of -1.40 points in May of 2000 and a record low of -24.50 points in April of 2020. This page provides the latest reported value for - Euro Area Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Consumer Confidence in Euro Area is expected to be -21.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Consumer Confidence is projected to trend around -6.00 points in 2023 and -4.00 points in 2024, according to our econometric models.