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EU CONSUMER CONFIDENCE STAGNATES

January 25, 2024
consumer confidence

EU consumer confidence stagnates. In January 2024, the preliminary consumer sentiment assessment by DG ECFIN, a department of the European Commission.

The indicator shows a relatively unchanged consumer confidence in the EU, with a minor decline of 0.2 percentage points from December 2023, resulting in a -16.2 point measure.

Conversely, the euro area experienced a more significant reduction, with the indicator falling by 1.0 percentage point, leading to a -16.1 point measure.

Both values underscore a continued consumer caution, significantly trailing behind the usual average.

DG ECFIN, or the Directorate-General for Economic and Financial Affairs, releases the flash Consumer Confidence Indicator monthly.