This page focuses on the consumer, a key driver of the eurozone economy. On the left-hand chart we show a chart of consumer confidence (as measured by the European Commission) plotted against business surveys of the services sector. The slump in consumer confidence has so far been much sharper than the slowdown in services activity. On the right-hand chart, we can see the sharp rise in European electricity prices in comparison to previous years. The price of electricity is closely linked to gas prices, which have risen dramatically since Russia's invasion of Ukraine.