The consumer confidence indicator in the Euro Area fell by 3.8 points to -28.8 in September of 2022, the lowest reading since the series began in 1985 and in line with preliminary estimates. Consumer confidence in the European Union also fell (-3.5 points to -29.9), and reached a new all-time low in September. All its components, i.e. households’ assessments of their past financial situation, their outlook on their future financial situation, their intentions to make major purchases and their expectations about the general economic situation contributed to the steep decline. source: European Commission
Consumer Confidence in the Euro Area averaged -10.16 points from 1985 until 2022, reaching an all time high of -1.80 points in December of 1989 and a record low of -28.80 points in September of 2022. 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 September of 2022.
Consumer Confidence in Euro Area is expected to be -28.80 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.