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.

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Euro Area Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 09:00 AM Consumer Confidence Final May -21.1 -22 -21.1 -21.1
2022-06-22 02:00 PM Consumer Confidence Flash Jun -23.6 -21.1 -20.5 -21.9
2022-06-29 09:00 AM Consumer Confidence Final Jun -21.1 -23.6 -23.6


Related Last Previous Unit Reference
Consumer Confidence -23.60 -21.10 points Jun 2022
Economic Optimism Index 105.00 104.90 May 2022
Consumer Confidence Price Trends 45.60 50.00 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-23.60 -21.10 -1.40 -24.50 1985 - 2022 points Monthly
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News Stream
Eurozone Consumer Morale at Pandemic Low
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.
2022-06-22
Eurozone Consumer Morale Improvement Confirmed
The consumer confidence indicator in the Euro Area increased by 0.9 points from the previous month to -21.1 in May of 2022, in line with market expectations. In the European Union as a whole, however, consumer confidence weakened mildly by 0.4 points to -22, the lowest since April 2020. While consumers’ views on their past financial situation and expectations about the general economic situation worsened, their intentions to make major purchases stabilised and expectations about their future financial situation saw some further relief.
2022-05-30
Eurozone Consumer Morale Improves More than Expected
The consumer confidence indicator in the Euro Area edged up by 0.9 points from the previous month to -21.1 in May of 2022, beating market expectations of -21.5 as sentiment continues to recover from March’s 22-month low, a preliminary estimate showed. Still, morale remained far below its long-term average. In the European Union as a whole, consumer sentiment decreased by 0.4 points to -22.2.
2022-05-20