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.

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Euro Area Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -7.20 -1.40 -23.90 1985 - 2019 points Monthly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-11-21 03:00 PM Consumer Confidence Flash Nov -7.2 -7.6 -7.3 -7.2
2019-11-28 10:00 AM Consumer Confidence Final Nov -7.2 -7.6 -7.2 -7.2
2019-12-20 03:00 PM Consumer Confidence Flash Dec -8.1 -7.2 -7 -7
2020-01-08 10:00 AM Consumer Confidence Final Dec -8.1 -7.2 -8.1 -8.1
2020-01-23 03:00 PM Consumer Confidence Flash Jan -8.1 -7.8 -7.4


News Stream
2019-12-20
Eurozone Consumer Sentiment Lowest Since 2017
The consumer confidence indicator in the Euro Area decreased by 0.9 points to -8.1 in December of 2019 from -7.2 in the previous month while markets had expected it at -7.0, a preliminary estimate showed. It was the lowest reading since February 2017. Considering the European Union as a whole, consumer sentiment went down by 0.3 points to -7.0. Both indicators remain well above their respective long-term averages of -10.6 (euro area) and -9.9 (EU).

2019-11-28
Eurozone Consumer Confidence Improvement Confirmed
The Eurozone consumer confidence indicator was confirmed at -7.2 in November 2019, slightly above the previous month's final figure of -7.6, reflecting households’ more positive expectations about both the general economic situation and their future financial situation, while their assessment of their past financial situation and their intentions to make major purchases remained broadly stable.

2019-11-21
Eurozone Consumer Confidence Improves Slightly
The Consumer Confidence Indicator in the Euro Area increased to -7.2 in November 2019 from -7.6 in the previous month and better than market expectations of -7.3, a preliminary estimate showed. Considering the European Union as a whole, consumer sentiment went up by 0.6 points to -6.7. Both indicators remain well above their long-term averages of -10.6 (euro area) and -9.9 (EU).

2019-10-30
Eurozone Consumer Confidence Fall Confirmed
The consumer confidence indicator in the Euro Area was confirmed at -7.6 in October 2019, 1.1 points below the previous month's reading of -6.5, due to a strong deterioration in households’ expectations about the general economic situation and their future financial situation. In addition, their assessments of their past financial situation and their intentions to make major purchases edged down.

2019-10-23
Eurozone Consumer Morale Falls to 10-Month Low
The Consumer Confidence Indicator in the Euro Area decreased to -7.6 in October 2019 from -6.5 in the previous month, the lowest reading since last December and below market expectations of -6.7, a preliminary estimate showed. Considering the European Union as a whole, consumer sentiment went down 0.9 points to -7.3. Both indicators are well above their long-term averages of -10.7 (euro area) and -10.0 (EU).

2019-09-27
Eurozone Consumer Confidence Improvement Confirmed
The Consumer Confidence Indicator in the Euro Area was confirmed at -6.5 in September 2019, above the previous month's reading of -7.1, reflecting households’ more positive expectations about the general economic situation and, to a lesser extent, their own financial situation, while their assessment of their past financial situation and intentions to make major purchases remained broadly stable.


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.

Euro Area Consumer Last Previous Highest Lowest Unit
Consumer Confidence -8.10 -7.20 -1.40 -23.90 points [+]
Retail Sales MoM 1.00 -0.30 2.80 -2.00 percent [+]
Retail Sales YoY 2.20 1.70 6.00 -4.60 percent [+]
Consumer Spending 1527.11 1519.39 1527.11 1102.53 EUR Billion [+]
Disposable Personal Income 1813179.00 1792635.00 1813179.00 1059295.00 EUR Million [+]
Personal Savings 13.04 13.30 14.18 11.43 percent [+]
Private Sector Credit 11438737.00 11423245.00 11438737.00 3241298.00 EUR Million [+]
Bank Lending Rate 1.91 1.92 6.52 1.89 percent [+]
Consumer Credit 718804.94 717037.34 718804.94 359891.93 EUR Million [+]
Economic Optimism Index 101.50 101.20 118.00 68.20 [+]
Households Debt To GDP 57.80 57.50 64.20 46.30 percent of GDP [+]
Households Debt To Income 93.49 94.00 98.13 71.02 percent [+]
Consumer Confidence Current Conditions -5.30 -9.20 -2.80 -65.40 [+]
Consumer Confidence Economic Expectations -0.50 -4.10 4.20 -43.70 [+]
Consumer Confidence Financial Expectations -0.70 -0.90 4.90 -13.40 [+]
Consumer Confidence Major Purchases Expectations -17.30 -18.10 -12.00 -28.20 [+]
Consumer Confidence Price Trends 20.50 19.40 54.80 -12.50 points [+]
Consumer Confidence Savings Expectations -3.50 -5.20 1.30 -17.50 [+]
Consumer Confidence Unemployment Expectations 0.60 3.00 68.80 -1.70 [+]