IP/10/593
Brussels, 20 May 2010
May 2010: Flash Consumer Confidence Indicator
In May 2010, the DG ECFIN flash estimate of the consumer confidence indicator signals a sharp drop for the euro area aggregate (down to -17.5 after -15.0 in April). Confidence declined markedly among EU consumers as well (down to -14.7 from -12.3 in April).
Computation of Flash CCI
To compute the flash consumer confidence indicator for the EU and euro area, DG ECFIN uses the data available on the cut-off date. The estimation procedure combines historical data with information from those Member States for which data are available in the reference month. Experience has shown this procedure to be statistically reliable.
Further information on the computation procedure can be found in the European Business Cycle Indicators of January 2010.
Scheduled publication dates
Full tables are available on:
http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm
