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.