The consumer confidence indicator in the Euro Area was confirmed at -17.4 in May of 2023, a new high since February of 2022 and compared with -17.5 in April. In the European Union as a whole, consumer sentiment increased by 0.6 points to -18.3. The small rise was due to consumers’ improved appraisals of their household’s past and future financial situation, as well as the expected general economic situation in their country. By contrast, consumers’ intentions to make major purchases edged down slightly. source: European Commission

Consumer Confidence in Euro Area averaged -10.37 points from 1985 until 2023, reaching an all time high of -1.70 points in January of 2000 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 June of 2023.

Consumer Confidence in Euro Area is expected to be -17.00 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
2023-05-22 02:00 PM Consumer Confidence Flash May -17.4 -17.5 -16.8 -16
2023-05-30 09:00 AM Consumer Confidence Final May -17.4 -17.5 -17.4 -17.4
2023-06-22 02:00 PM Consumer Confidence Flash Jun -17.4 -17


Related Last Previous Unit Reference
Consumer Confidence -17.40 -17.50 points May 2023
Economic Optimism Index 96.50 99.00 points May 2023
Consumer Confidence Price Trends 12.20 15.00 points May 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
-17.40 -17.50 -1.70 -28.70 1985 - 2023 points Monthly
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News Stream
Euro Area Consumer Confidence Unrevised in May
The consumer confidence indicator in the Euro Area was confirmed at -17.4 in May of 2023, a new high since February of 2022 and compared with -17.5 in April. In the European Union as a whole, consumer sentiment increased by 0.6 points to -18.3. The small rise was due to consumers’ improved appraisals of their household’s past and future financial situation, as well as the expected general economic situation in their country. By contrast, consumers’ intentions to make major purchases edged down slightly.
2023-05-30
EA Consumer Morale Stable at Over 1-Year High
The consumer confidence indicator in the Euro Area edged up 0.1 points to -17.4 in May 2023, reaching a new high since February 2022 and compared with market expectations of -16.8, preliminary estimates showed. Confidence among European consumers is gradually recovering from the September 2022 low of -28.7, but the pace of the rebound has slowed. Inflation levels, particularly the core inflation rate, remain near record levels, prompting the European Central Bank (ECB) to remain committed to combating high inflation. Market expectations include at least two more rate hikes. On a positive note, the acute phase of the energy crisis appears to have subsided, with natural gas prices stabilizing at 2021 levels. In the European Union as a whole, consumer sentiment increased by 0.6 points to -18.3. Still, the confidence remained well below its long-term average.
2023-05-22
Euro Area Consumer Morale Confirmed at 14-Month High
The consumer confidence indicator in the Euro Area increased 1.6 points to -17.5 in April 2023, the highest since February 2022 and in line with preliminary estimates. Consumer confidence in the European Union also continued the recovery from an all-time low in September 2022 (+1.7 compared to March), fuelled by improvements in all components, notably consumers’ views on their household’s past financial situation and the future financial situation, as well as the expected general economic situation in their country and their intentions to make major purchases.
2023-04-27