European Consumer Report
Consumer Confidence Eurozone
Consumer Confidence Has Remain Unchanged in Negative Territory
Starts Wednesday, October 23, 2019 at 14:00
Updated Wednesday, October 16, 2019
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity. The sentiment has been deteriorating for the European consumer during the past year and it bottomed at -8 points in January. Although, the deterioration slowed in February and March but this indicator is still pretty negative at -7 points, where it has remained since April and it is expected to remain unchanged this month as well. Please follow us for live coverage of this event by experienced market analysts.
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About Consumer Confidence Eurozone
The level of a diffusion index based on surveyed consumers. Released monthly, around 22 days into the current month. Survey of about 2,300 consumers in Eurozone countries which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, employment, inflation, and climate for major purchases. Above 0 indicates optimism, below indicates pessimism. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jan 2010, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance.