The consumer confidence indicator in the Euro Area rose slightly to -7.2 in March 2019 from -7.4 in the previous month, slightly below market expectations of -7.1, a preliminary estimate showed. Considering the European Union as a whole, consumer sentiment edged up 1 point to -7.1. Both indicators are well above their respective long-term averages of -11.3 (euro area) and -10.5 (EU). Consumer Confidence in the Euro Area averaged -10.63 Index Points from 1985 until 2019, reaching an all time high of -1.90 Index Points in May of 2000 and a record low of -24.40 Index Points in March of 2009.
Consumer Confidence in Euro Area is expected to be -7.20 Index 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 -9.80 in 12 months time. In the long-term, the Euro Area Consumer Confidence is projected to trend around -3.60 Index Points in 2020, according to our econometric models.