The consumer confidence indicator in the Euro Area fell by 2.4 points to -23.6 in June of 2022, from -21.1 in May, compared with market expectations of -20.5 and long-term average of -11.0, a preliminary estimate showed. The reading is just short of the all-time low hit in April 2020 when the Covid-19 hit Europe for the first time. Surging inflation amind the effects of Russia’s war in Ukraine and renewed supply chain issues are weighing on purchasing power. In the European Union as a whole, consumer sentiment decreased by 1.9 points to -24. source: European Commission
Consumer Confidence in the Euro Area averaged -10.06 points from 1985 until 2022, reaching an all time high of -1.40 points in May of 2000 and a record low of -24.50 points in April of 2020. 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 June of 2022.
Consumer Confidence in Euro Area is expected to be -21.90 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.