Euro Area Consumer Confidence

Last Release

Oct 31, 2024

Actual

-12.5

Units In

Points

-12.9

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	-10.52 Points	1985-2024	European 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

The consumer confidence indicator in the Euro Area rose by 0.4 points from the previous month to -12.5 in October 2024, the best reading since February 2022, in line with preliminary estimates. However, it remains below its long-term average. In the European Union, sentiment increased by 0.5 points to -11.2, reaching its long-term average for the first time since February 2022. This improvement was fueled by consumers' enhanced views of their household financial situations, both in the past and looking ahead. However, consumers' expectations regarding the overall economic conditions in their country and their intentions to make significant purchases remained largely stable.