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.

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Euro Area Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-17.60 -15.50 -1.50 -23.90 1985 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-22 02:00 PM Consumer Confidence Flash Oct -15.5 -13.9 -15 -14.6
2020-10-29 10:00 AM Consumer Confidence Final Oct -15.5 -13.9 -15.5 -15.5
2020-11-20 03:00 PM Consumer Confidence Flash Nov -17.6 -15.5 -17.7 -18
2020-11-27 10:00 AM Consumer Confidence Final Nov -17.6 -15.5 -17.6 -17.6
2020-12-21 03:00 PM Consumer Confidence Flash Dec -17.6 -16.5
2021-01-08 10:00 AM Consumer Confidence Final Dec -17.6
2021-01-22 03:00 PM Consumer Confidence Flash Jan
2021-01-29 10:00 AM Consumer Confidence Final Jan


News Stream
Eurozone Consumer Morale Confirmed at 6-Month Low
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.
2020-11-27
Eurozone Consumer Morale Weakens in November
The consumer confidence indicator in the Euro Area fell 2.1 points from the previous month to -17.6 in November 2020, the lowest since May and compared with market expectations of -17.7, amid rising COVID-19 cases and new lockdowns across the region. Considering the European Union as a whole, consumer sentiment dropped 2.2 points to -18.7. Both indicators remained well below their long-term averages of -11.2 (Euro Area) and -10.6 (EU).
2020-11-20
Eurozone Consumer Confidence Confirmed at 5-Month Low
The consumer confidence indicator in the Euro Area was confirmed at -15.5 in October 2020, the lowest since May, amid a resurgence in COVID-19 cases. 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.
2020-10-29
Eurozone Consumer Morale Deteriorates to 5-Month Low
The consumer confidence indicator in the Euro Area fell to -15.5 in October 2020, from -13.9 in the previous month and compared to market expectations of -15.0, a preliminary estimate showed. It was the lowest reading since May as a second wave of coronavirus infections and the threat of stricter restriction measures weighed on households' mood. Considering the European Union as a whole, consumer sentiment decreased by 1.6 points to -16.5 in October.
2020-10-22

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.