The consumer confidence indicator in the Euro Area was confirmed at -16 in August 2023, down from -15.1 in July, which was the highest reading since February 2022. It was the first decline in sentiment since September last year. Consumer confidence in the European Union also worsened (-17 vs -16.1 in July), as survey respondents got more pessimistic about their household’s future financial situation and the expected general economic situation in their country. Consumers’ intentions to make major purchases, as well as the assessments of their past financial situation remained broadly unchanged. source: European Commission

Consumer Confidence in Euro Area averaged -10.41 points from 1985 until 2023, reaching an all time high of -1.70 points in January of 2000 and a record low of -28.70 points in September of 2022. 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 August of 2023.

Consumer Confidence in Euro Area is expected to be -12.00 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 -3.30 points in 2024 and -2.00 points in 2025, according to our econometric models.

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Euro Area Consumer Confidence



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-23 02:00 PM Consumer Confidence Flash Aug -16 -15.1 -14.3 -13.9
2023-08-30 08:00 AM Consumer Confidence Final Aug -16 -15.1 -16 -16
2023-09-21 02:00 PM Consumer Confidence Flash Sep -16 -12


Related Last Previous Unit Reference
Consumer Confidence -16.00 -15.10 points Aug 2023
Economic Optimism Index 93.30 94.50 points Aug 2023
Consumer Confidence Price Trends 9.00 4.90 points Aug 2023

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
-16.00 -15.10 -1.70 -28.70 1985 - 2023 points Monthly
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News Stream
Euro Area Consumer Confidence Unrevised in August
The consumer confidence indicator in the Euro Area was confirmed at -16 in August 2023, down from -15.1 in July, which was the highest reading since February 2022. It was the first decline in sentiment since September last year. Consumer confidence in the European Union also worsened (-17 vs -16.1 in July), as survey respondents got more pessimistic about their household’s future financial situation and the expected general economic situation in their country. Consumers’ intentions to make major purchases, as well as the assessments of their past financial situation remained broadly unchanged.
2023-08-30
Euro Area Consumer Morale Unexpectedly Deteriorates
The consumer confidence indicator in the Euro Area fell to -16 in August 2023 from -15.1 in July, missing market expectations of -14.3, preliminary estimates showed. In the European Union as a whole, consumer sentiment decreased by 0.9 points to -17. Consumer confidence remains well below its long-term average due to high interest rates and inflation. The Euro Area's inflation rate decreased to 5.3% in July, although it still remains well above the
2023-08-23
Euro Area Consumer Morale Keeps Improving as Expected
The consumer confidence indicator in the Euro Area rose 1 point to -15.1 in July 2023, the highest since February 2022 and in line with preliminary estimates. Consumer confidence in the European Union also continued its recovery from the all-time low of September 2022 (+1.0 compared to June), fuelled by improvements in consumers’ views on their household’s past financial situation and the future financial situation, as well as the expected general economic situation in their country. Consumers’ intentions to make major purchases remained virtually unchanged.
2023-07-28