Consumer Confidence In Euro Zone Back To Pre-Pandemic Levels In May

The consumer confidence indicator in the European Union and the Euro zone climbed back to pre-pandemic levels in May, the European Commission reported in a statement.

• The DG ECFIN flash estimate of the consumer confidence increased in both regions by 3.0 points in May.
• The indicator for the European Union stood at -6.0 points, back to its pre-pandemic level.
• The EU aggregate took into consideration survey data from 26 countries accounting for 98% of the total private final consumption expenditure.
• Meanwhile, the indicator for the Euro zone stood at -5.1 points or slightly above the level seen before the coronavirus disease 2019 (COVID-19) hit the area.
• The Euro area indicator aggregate was computed on the basis of data from all 19 member states.