The flash consumer confidence indicator for euro area fell to -15 from -14.7 in June.
The consumer confidence in the Euro Area fell by 0.3 points to -15.0 in July 2020 from -14.7 in the previous month and compared with market expectations of -12, a flash estimate showed. Regular harmonised surveys are conducted by the Directorate General for Economic and Financial Affairs (DG ECFIN) for different sectors of the economies in the European Union (EU) and in the applicant countries.In July 2020, the recovery of the Economic Sentiment Indicator (ESI) continued. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Economic Sentiment
If confidence were to move sideways for a while, this would normally translate to a weak household consumption recovery.This is no ordinary recession though and despite the fact that consumer confidence is still well below its pre-corona crisis levels, retail sales already showed a very strong recovery in May. Eurozone economic confidence improved to a four-month high in July as sentiment in industrial and service sectors strengthened amid the relaxation of coronavirus containment measures, survey data showed Thursday. The survey is made by phone and covers 23 000 households in the Euro Area. The current level of confidence is better than during most recessions, but similar to pessimism experienced in the dot-com crisis. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. In the European Union as a whole, consumer sentiment rose to -19.5 from -22 in April.In Euro Area, the Consumer Economic Sentiment Indicator measures the level of optimism that consumers have about the economy.
Euro zone consumer confidence The Eurozone consumer confidence remains negative at -6.6 vs -8.1 last month, but the index is better than expectations at -8.2. With uncertainty abound, the European consumer is gaining some confidence as the fundamentals remain strong. According to the report from European Commission, in June 2020, the recovery of the Economic Sentiment Indicator (ESI), which had tentatively started in May, intensified. Eurozone consumer confidence deteriorated slightly in July, defying expectations for further strengthening, preliminary survey data from the European Commission showed on Thursday. After two months of quick recovery, the question now is whether this is a premature end to the recovery for consumers or whether it is a mere interruption. Still, the index recovered further from a 11-year low hit in April as countries across the region continued to reopen their economies following weeks of lockdown. Consumer Confidence measures the level of consumer confidence in economic activity. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Sales figures have so far been encouraging, but the July confidence figures cast some doubts over the spending outlook for the months ahead. Meanwhile, the appraisals of the past financial conditions, which had remained broadly stable in March and April, deteriorated to an unprecedented extent and thus muted the overall increase in consumer confidence. The services sentiment index rose to -26.1 from -35.5 in June. The Trading Economics Application Programming Interface (API) provides direct access to our data. Eurozone consumer confidence plummeted to -22.7 in April, but the real question is how much confidence matters for a consumer that is significantly limited in his ability to consume anyway.
See also the full schedule for 2020. Economic Sentiment
In contrast, sentiment among service providers hit a record low (-43.6 vs -38.6) and among constructors deteriorated (-17.4 vs -16.1). Next update: Full business and consumer survey results (incl. In the European Union as a whole, consumer sentiment increased by 3.9 points to -15.6.The consumer confidence in the Euro Area was confirmed at -18.8 in May 2020, above the previous month’s 11-year low of -22. 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. Consumer confidence – like the German ZEW Index yesterday indicated some optimism about the state of the economy in February. Economic Sentiment
The previous publication was -15. Still, the index recovered further from a 11-year low hit in April as countries across the region continued to reopen their economies following weeks of lockdown.
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Next update: Full business and consumer survey results (incl.