Euro Area EUR

Euro Area ECB Consumer Expectations Survey

Impact:
Medium
Source: European Central Bank

Next Release:

Date:
Period:
What Does It Measure?
The Euro Area ECB Consumer Expectations Survey measures consumer sentiment regarding economic conditions and personal financial prospects within the Euro Area. It primarily focuses on assessing expectations related to inflation, employment, and overall economic growth, serving as a crucial barometer for spending and saving behaviors.
Frequency
This survey is conducted monthly, providing timely insights into consumer sentiment and released in the first week of each month.
Why Do Traders Care?
Traders pay close attention to the ECB Consumer Expectations Survey as it serves as an indicator of future economic activity in the Euro Area, with implications for financial markets. Positive consumer sentiment is often bullish for currencies like the Euro (EUR) and can lead to increased stock market activity, while negative readings may have the opposite effect.
What Is It Derived From?
The survey is derived from responses gathered from a representative sample of Euro Area households, utilizing straightforward questionnaires that capture expectations about inflation, economic growth, and employment prospects. The responses are analyzed using statistical methods to generate diffusion indices that highlight shifts in consumer confidence.
Description
Preliminary reports from the ECB Consumer Expectations Survey represent initial data based on early respondent feedback, subject to possible revisions, whereas final reports provide a more accurate reflection of consumer sentiment once complete data is compiled. This survey evaluates expectations on a Month-over-Month (MoM) basis, offering insights into the immediate shifts in consumer attitudes as it captures monthly changes in sentiment.
Additional Notes
As a leading economic indicator, the ECB Consumer Expectations Survey is closely watched as it reflects potential future consumer spending behavior and informs central bank policy. Its outcomes can significantly influence broader economic trends and provide comparative insights against consumer sentiment surveys from other regions.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Euro, Bullish for Stocks. Lower than expected: Bearish for Euro, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise