European Consumer Confidence Slips Further in January

Source: European Commission

European consumer confidence decreased slightly in the first month of 2022, bringing the indicator closer to its long-term average. EZU is down 1.11%, while VGK is down 1.00%.

• The DG ECFIN consumer confidence indicator for the European Union was -10.0 in January, marking a 0.4-point decline from December.
• The consumer confidence indicator for the euro area was recorded at -8.5, down by 0.1 points from the previous month.
• The latest figures indicate that the confidence level is well below those seen before the COVID-19 pandemic and are approaching the EU long-term average of -10.0.