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European Commission

Press release

Brussels, 23 August 2012

August 2012: Flash Consumer Confidence Indicator

In August 2012, the DG ECFIN flash estimate of the consumer confidence indicator declined markedly in both the EU (to -22.6 from -20.2 in July) and the euro area (to -24.6 from -21.5 in July).

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

Flash estimate

Final release EU, euro area and Member States

September 2012

20 September 2012

27 September 2012

October 2012

23 October 2012

30 October 2012

November 2012

22 November 2012

29 November 2012

The next Business and Consumer Survey is due to be published on 30 August 2012.

Full tables are available on:

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

Contacts :

Simon O'Connor (+32 2 296 73 59)

Vandna Kalia (+32 2 299 58 24)


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