August 2011: Flash Consumer Confidence Indicator

In August 2011, the DG ECFIN (Directorate General for Economic and Monetary Affairs) flash estimate of the consumer confidence indicator strongly declined in both the EU (down to -16.8 from -12.4 in July 2011) and the euro area (down to -16.6 from -11.2 in July 2011).

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 September 2011.
Full tables are available on:
http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm

Sursa: Comisia Europeana