July 2013: Flash Consumer Confidence Indicator

European Commission

Press release

Brussels, 23 July 2013

July 2013: Flash Consumer Confidence Indicator

In July 2013, the DG ECFIN flash estimate of the consumer confidence indicator improved markedly in the euro area (-17.4 after -18.8 in June 2013) and, particularly, the EU^ (-14.8 after -17.5 in June 2013).

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 30 July 2013.

Full tables are available on:

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