EU consumer confidence shows improvement. The consumer confidence indicator in the European Union (EU) and the Euro Area has exhibited further improvement in July 2023, according to the flash estimate by DG ECFIN.
The indicator has risen by 1.1 percentage points in the EU and 1.0 percentage point in the euro area.
Despite remaining at relatively low levels, with -16.1 points in the EU and -15.1 points in the euro area, consumer confidence shows improvement, gradually recovering and moving closer to its long-term average.
This positive trend indicates a growing optimism among consumers within the region.
DG ECFIN stands for the Directorate-General for Economic and Financial Affairs, a department within the European Commission. They are responsible for economic and financial matters in the European Union.