Euro Area Consumer Confidence
Feb 29, 2024
Time to Release
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.
The consumer confidence indicator in the Euro Area rose by 0.6 points from the previous month to -15.5 in February 2024, in line with preliminary estimates. Across the European Union as a whole, consumer sentiment went up by 0.4 points to -15.8 thanks to consumers’ less negative views regarding their household’s past financial situation and their intentions to make major purchases, which were partly offset by lower expectations about the general economic situation in their country. Consumers’ expectations about their household’s financial situation remained broadly stable.
Euro Area Consumer Confidence History
Last 12 readings