The consumer confidence in the Euro Area was confirmed at -18.8 in May 2020, above the previous month’s 11-year low of -22. Households' expectations in respect of their financial conditions, their intentions to make major purchases and the general economic situation improved. Meanwhile, the appraisals of the past financial conditions, which had remained broadly stable in March and April, deteriorated to an unprecedented extent and thus muted the overall increase in consumer confidence. In the European Union as a whole, consumer sentiment rose to -19.5 from -22 in April.
Consumer Confidence in the Euro Area averaged -10.03 points from 1985 until 2020, reaching an all time high of -1.50 points in May of 2000 and a record low of -23.90 points in March of 2009. 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 2020. source: European Commission
Consumer Confidence in Euro Area is expected to be -18.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Euro Area to stand at -14.00 in 12 months time. In the long-term, the Euro Area Consumer Confidence is projected to trend around -12.00 points in 2021 and -8.00 points in 2022, according to our econometric models.