The consumer confidence indicator in the Euro Area was confirmed at -7.2 in March 2019, slightly above the previous month's -7.4, due to households’ more positive assessments of their past financial situation and their expectations about the general economic situation, which were partly offset by a slight decrease in their intentions to make major purchases. Consumers’ expectations of their future financial situation remained broadly stable.Considering the European Union as a whole, consumer sentiment was also confirmed at -7.1, little-changed from February's -7.2. 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.