Consumer Confidence Eurozone
Event Date: Monday, January 23, 2023
Event Time: 15:00 CET
Updated Monday, January 23, 2023
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 the last two months and this indicator, but this indicator is still pretty negative at -7 points. But, as coronavirus spreads in Europe, consumer sentiment made a bigger decline to .23 points in April, but improved slightly to -19 points in May and to -5 points in June. It remained there until September when it ticked to -4 points. The confidence has turned even more negative, standing at -7 points in November, while falling to -9 points in February. It has fallen further but has improved in recent months and is expected at -2o points this month. 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.