“In November 2018, the DG ECFIN flash estimate of the consumer confidence indicator decreased markedly in the euro area (1.2 points down) and the EU (1.0 points down),” the European Commission said.
Key takeaways from the press release
- At −3.9 points (euro area) and −3.7 points (EU), both indicators remain well above their respective long-term averages of −12.0 (euro area) and −11.1 (EU).
- In October, the Economic Sentiment Indicator (ESI) decreased in both the euro area (by 1.1 points to 109.8) and the EU (by 0.8 points to 110.4).
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