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June 2011: Flash Consumer Confidence Indicator

European Commission - IP/11/777   22/06/2011

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European Commission - Press release

June 2011: Flash Consumer Confidence Indicator

Brussels, 22 June 2011 - In June 2011, the DG ECFIN (Directorate General for Economic and Monetary Affairs) flash estimate of the consumer confidence indicator declined slightly in the EU (down to 11.1 from 10.7 in May 2011), while it remained broadly unchanged in the euro area ( -10.0 after - 9.9 in May 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

Consumer confidence for

Flash estimate

Final release EU, euro area and Member States

July 2011

20 July 2011

28 July 2011

August 2011

23 August 2011

30 August 2011

September 2011

22 September 2011

29 September 2011

The next Business and Consumer Survey is due to be published on 29 June 2011.

Full tables are available on:

http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm

Contacts :

Amadeu Altafaj Tardio (+32 2 295 26 58)

Catherine Bunyan (+32 2 299 65 12)

Pia Seppälä (+32 2 299 24 88)


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