The consumer confidence indicator in the Euro Area was confirmed at -8.1 in December 2019, below November's -7.2, due to a decline in expectations concerning households’ financial conditions and the general economic situation, while households’ assessments of past financial conditions and their intentions to make major purchases remained broadly stable. Consumer Confidence in the Euro Area averaged -10 points from 1985 until 2019, reaching an all time high of -1.40 points in May of 2000 and a record low of -23.90 points in March of 2009. source: European Commission
Consumer Confidence in Euro Area is expected to be -7.80 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 -6.60 in 12 months time. In the long-term, the Euro Area Consumer Confidence is projected to trend around -3.60 points in 2020, according to our econometric models.