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Euro Area Consumer Confidence

Last Release
May 31, 2024
Actual
-14.3
Units In
Points
Previous
-14.7
Frequency
Monthly
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
-1.4
May 2000
-28.7
Sep 2022
-10.5 Points1985-2024European Commission
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.

Latest Updates

Consumer confidence in the Euro Area rose by 0.4 points from the previous month to -14.3 in May of 2024, in line with the preliminary estimate and slightly below market expectations of -14.2. It reflected the smallest extent of pessimism by Eurozone consumers since the start of Russia’s invasion of Ukraine in February 2022, partly driven by slowing inflation and expectations of incoming rate cuts by the ECB. The current conditions and future expectations of the financial situation of households were loosely unchanged from the prior month to continue to show pessimism, while pessimism over current conditions and future expectations of the macroeconomic backdrop softened. Alarmingly for the ECB, consumers increased their views on price trends over the next 12 months to the second-highest level in the past year.

Euro Area Consumer Confidence History

Last 12 readings

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