Eurozone Consumer Confidence At 6-month Low

Eurozone Consumer Confidence At 6-month Low

Read more

Eurozone’s consumer confidence weakened for a second consecutive month in November to reach its lowest level in six months as countries like Germany and France returned to lockdown amid a resurgence in the coronavirus pandemic.

The flash consumer confidence index fell to -17.6 from -15.5 in October, preliminary data from the European Commission showed on Friday. Economists had forecast a score of -17.7.
The latest reading was the weakest since May, when it was -18.8.
The corresponding indicator for the EU also dropped to a six-month low of -18.7 from -16.5 in October.
The survey was conducted from November 1 to 19.
The final readings are set to be published along with the monthly economic sentiment survey results on November 27.


Leave a Reply

Your email address will not be published. Required fields are marked *