The consumer confidence indicator in the Euro Area was confirmed at -20.9 in January of 2023, the highest since February 2022 on hopes lower energy prices and recovery fund spending might help avoid a recession this year. Consumer confidence in the European Union also saw an improvement (+1.4 points to -22.2 points). Consumers were more positive about the general economic situation of their country, their future financial situation and their intentions to make major purchases, while views on their household’s past financial situation remained stable. source: European Commission

Consumer Confidence in Euro Area averaged -10.30 points from 1985 until 2023, reaching an all time high of -1.80 points in December of 1989 and a record low of -28.70 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 February of 2023.

Consumer Confidence in Euro Area is expected to be -19.00 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 -3.30 points in 2024 and -2.00 points in 2025, according to our econometric models.

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Euro Area Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-01-23 03:00 PM Consumer Confidence Flash Jan -20.9 -22 -20 -17
2023-01-30 10:00 AM Consumer Confidence Final Jan -20.9 -22.1 -20.9 -20.9
2023-02-20 03:00 PM Consumer Confidence Flash Feb -20.9 -21.2


Related Last Previous Unit Reference
Consumer Confidence -20.90 -22.10 points Jan 2023
Economic Optimism Index 99.90 97.10 points Jan 2023
Consumer Confidence Price Trends 17.70 23.20 points Jan 2023

Euro Area Consumer Confidence
In Euro Area, the Consumer Economic Sentiment Indicator measures the level of optimism that consumers have about the economy. The survey is made by phone and covers 23 000 households in the Euro Area. The number of households sample varies across the zone. The questions focus on current economic and financial situation, savings intention as well as on expected developments regarding: consumer price indexes, general economic situation and major purchases of durable goods. The Consumer ESI measures consumer confidence on a scale of -100 to 100, where -100 indicate extreme lack of confidence, 0 neutrality and 100 extreme confidence.
Actual Previous Highest Lowest Dates Unit Frequency
-20.90 -22.10 -1.80 -28.70 1985 - 2023 points Monthly
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News Stream
Euro Area Consumer Confidence Confirmed at 11-Month High
The consumer confidence indicator in the Euro Area was confirmed at -20.9 in January of 2023, the highest since February 2022 on hopes lower energy prices and recovery fund spending might help avoid a recession this year. Consumer confidence in the European Union also saw an improvement (+1.4 points to -22.2 points). Consumers were more positive about the general economic situation of their country, their future financial situation and their intentions to make major purchases, while views on their household’s past financial situation remained stable.
2023-01-30
Euro Area Consumer Morale Up to 11-Month High
The consumer confidence indicator in the Euro Area rose by 1.1 points to -20.9 in January of 2023, the highest since February 2022 on hopes lower energy prices and recovery fund spending might help avoid a recession this year. Still, the reading came in below market expectations of -20, preliminary estimates showed. In the European Union as a whole, consumer sentiment increased by 1.4 points to -22.4.
2023-01-23
Euro Area Consumer Confidence Rises to 7-Month High
The consumer confidence indicator in the Euro Area rose for a third month to -22.2 in December of 2022, the highest level since May, from -23.9 in November, in line with preliminary estimates. Consumer confidence in the European Union also saw an improvement (+1.4 points to -24.4 points). Consumers were more positive about their household’s future financial situation and about the future general economic situation, while views on their household’s past financial situation and intentions to make major purchases deteriorated somewhat. Overall, consumer confidence remains at a very low level, well below its long-term average.
2023-01-06