The consumer confidence indicator for the Euro Area was confirmed at -7.4 in February 2019, above January's final reading of -7.9, reflecting households' more benign views on their past and future financial situation, as well as the expected general economic situation. Households’ intentions to make major purchases, by contrast, were scaled back somewhat. Considering the European Union as a whole, consumer sentiment was also confirmed at -7.2 in February, a modest recovery from January's two-and-a-half-year low. Consumer Confidence in the Euro Area averaged -10.64 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 -10.80 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.