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.