In January 2023, DG ECFIN’s flash estimate1 of the consumer confidence indicator2 continued its recovery, improving by 1.4 percentage points (pps.) in the EU and 1.1 pps. in the euro area (EA)3 . At -22.4 (EU) and ‑20.9 (EA) pps., consumer confidence remains, however, well below its long-term average. This month's Flash CCI for the EU aggregate is computed on the basis of consumer survey data from 26 EU countries (all except Romania), covering 98% of the total private final consumption expenditure. For the euro-area indicator, all 20 Member States are included in the total. The consumer confidence indicator builds ... (full story)