ユーロ圏　消費者信頼感大幅悪化

Consumer confidence in the Euro Area plummeted in March reflecting Europeans' worries about the war in Ukraine. According to the flash estimate by the European Commission's Directorate-General for Economic and Financial Affairs, the indicator dropped to -18.7 pp compared to -8.8 pp in February. This is the lowest level since May 2020.

Consumer confidence in the common currency union has been deteriorating since September 2021 but exhibited signs of stabilizing around -9 pp in the last three months prior to March 2022.

By comparison, the consumer confidence in the European Union as a whole is at an even lower level (-19.6 pp) compared to 10.2 pp in February.

In its flash release, the Commission publishes only the main indicator, with the final reading together with breakdown sub-indices are expected next week, towards the end of the month.

The European Commission's Consumer Confidence Indicator is the arithmetic average of the balances of answers to a selection of questions on the financial situation of a household, the general economic situation, and savings, over the next 12 months.

Explore more visuals here

Read more in the quarterly report Euro Area Economy in a Snapshot - Q1 2022