Fabian Demicoli

August 2014: Flash Consumer Confidence Indicator

In August 2014,
the DG ECFIN flash estimate of the consumer confidence indicator decreased in
both the EU (by 0.9 points to -6.4) and the euro area (by 1.6 points to -10.0)
compared to July.

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.

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