- Prior was -16.3
The Eurozone Consumer Confidence Indicator (CCI) is the European Commission’s flagship monthly gauge of household sentiment across the 21 euro-area members and is one of the most closely watched real-time reads on the region’s economy. Compiled by the Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN), the index is built from harmonized consumer surveys covering households’ assessments of their financial situation, the broader economic outlook, and intentions to make major purchases over the next 12 months. The Commission publishes a flash estimate in the final week of each month, followed by a final reading at month-end as part of the wider Business and Consumer Survey package that also includes the Economic Sentiment Indicator (ESI) and Employment Expectations Indicator (EEI). The CCI is expressed as a balance of positive and negative responses, so all readings tend to sit in negative territory; the long-run average is roughly -10.
After a difficult 2024, sentiment had been gradually improving through the early part of 2026. February’s reading was confirmed at -12.2, the highest level since November 2024, supported by a brighter view of the overall economy and easing inflation expectations. That fragile recovery reversed sharply in March. The flash CCI plunged 4.0 points to -16.3 — the weakest reading since October 2023 and well below consensus expectations near -14.4. Sentiment across the broader EU mirrored the move, falling 3.4 points to -15.2.
The Commission attributed the deterioration to a dramatic decline in consumers’ expectations for the overall economic situation, with households also turning more pessimistic on future finances and big-ticket purchases. Rising energy and inflation expectations tied to the Iran conflict were cited as key drivers
