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European Commission - Press release
November 2011: Flash Consumer Confidence Indicator
Brussels, 22 November 2011 - In November 2011, the DG ECFIN flash estimate of the consumer confidence indicator declined in both the EU (down to -20.7 from -20.2 in October 2011) and the euro area (down to -20.4 from -19.9 in October 2011).
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
The next Business and Consumer Survey is due to be published on 29 November 2011.
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