
The recommendations of the European Commission on the economic policy of the euro area





News

- News article
In February 2025, DG ECFIN’s flash estimate of the consumer confidence indicator picked up by 0.4 percentage points (pps.) in the EU and by 0.6 pps. in the euro area. At -12.9 (EU) and -13.6 (euro area) points, consumer confidence remained below its long-term average.

- News article
In January 2025, the Economic Sentiment Indicator (ESI) picked up by 1.1 points in the EU (to 95.8) and by 1.5 points in the euro area (to 95.2). The Employment Expectations Indicator (EEI) rebounded as well (EU: +1.1 points to 99.5, euro area: +1.6 points to 98.8).
- News article
DG ECFIN releases November flash consumer confidence indicator for the EU and the euro area
Events
Publications

- Report
- Directorate-General for Economic and Financial Affairs
Given the continued prominence of inflation in the economic policy debate, this edition features two analytical chapters revolving around inflation. The first chapter analyses the persistence of services inflation.

- Scientific paper
- Peter Claeys, Bettina Bökemeier, Benjamin Owusu, Juan Equiza Goñi, Andreea Stoian, Michael Stierle, Directorate-General for Economic and Financial Affairs
This paper provides an empirical analysis of the fiscal behaviour in the EU depending on home bias, i.e. the banks´ preference to hold domestic sovereign debt.
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