Consumer confidence in the EU still struggles below the long-term average

In January 2025, the flash estimate of the consumer confidence indicator for the European Union remained stable compared to December 2024 at -13.3 points. In the Eurozone it edged up by 0.3 points to -14.2 (euro area) points. According to the statement, consumer confidence remained below its long-term average. Worryingly, consumer confidence has been declining for the last half year suggesting that private consumption may remain weak. Although for the CEE region the flash estimate of consumer confidence indicators is not released, we have seen similar trend in development over recent months. The confidence indicator has been weakening amid inflation increases toward the end of the year.