Consumer Confidence Index shows the level of consumer confidence in the euro area's economic activity. The indicator is issued monthly and based on household surveys concerning expectations for the next 12 months. Expectations of the household's own financial situation, possibility of savings, general economic situation and unemployment are evaluated.
The chart of the entire available history of the "European Union Consumer Confidence Index" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.