The European Commission has released its latest Business and EU Consumer Confidence Survey. The November 2020 Flash Consumer Confidence Indicator which states that the estimate of the consumer confidence indicator decreased in both the euro area (2.1 points down) and the EU (2.2 points down) compared to October.

Consumer Confidence Indicator for EU and Euro Area is Down

At −17.6 points (euro area) and −18.7 points (EU), both indicators are well below their long-term averages of −11.2 (euro area) and −10.6 (EU).

Source: European Commission