The consumer confidence indicator in the Euro Area rose by 3.6 points to -23.9 in November of 2022, in line with preliminary estimates. Consumer confidence in the European Union also saw a strong improvement (+2.8) after a milder rebound in October, ending its free fall for more than a year. Consumers were more positive about their household’s financial situation, both over the past twelve months and especially for the next twelve months. They also signaled increased intentions to make major purchases. Similarly, consumers’ expectations about the general economic situation got more upbeat. source: European Commission
Consumer Confidence in Euro Area averaged -10.23 points from 1985 until 2022, reaching an all time high of -1.80 points in December of 1989 and a record low of -28.70 points in September of 2022. 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 2022.
Consumer Confidence in Euro Area is expected to be -24.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Consumer Confidence is projected to trend around -6.00 points in 2023 and -4.00 points in 2024, according to our econometric models.