The consumer confidence indicator in the Euro Area was confirmed at -17.6 in November 2020, the lowest level since May, amid concerns about the impact of a second wave of infections and lockdowns on the economy and labor market. Households reported growing concerns about the expected general economic situation and their expected financial situation, which were matched by more cautious intentions to make major purchases. Consumers’ views on their past financial situation, by contrast, remained broadly unchanged. source: European Commission
Consumer Confidence in the Euro Area averaged -10.10 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 December of 2020.
Consumer Confidence in Euro Area is expected to be -16.50 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 -11.00 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.