Euro Area Consumer Confidence Rises 1.3 Points to -17.7 as Oil Prices Ease
Updated
Updated · TradingView · Jun 22
Euro Area Consumer Confidence Rises 1.3 Points to -17.7 as Oil Prices Ease
3 articles · Updated · TradingView · Jun 22
Summary
June flash euro-area consumer confidence improved to -17.7 from -19.0, marking a second straight monthly gain but missing the -17.5 market forecast.
Lower crude oil prices in recent weeks helped lift household sentiment, though oil still remains slightly above levels seen before the Middle East conflict began.
Across the wider European Union, the consumer confidence index also strengthened, rising to -17.0 from -18.2.
Despite the rebound, confidence remains below its long-term average and under pre-conflict levels, underscoring persistent worries about economic uncertainty and household purchasing power.