• Eurozone July consumer confidence highest since 2011

Market news

23 July 2013

Eurozone July consumer confidence highest since 2011

Eurozone consumer confidence in July improved to its highest level since mid-2011, preliminary data released by the European Commission showed on Tuesday.

The flash consumer confidence indicator climbed to -17.4 from -18.8 in June. Economists had forecast a score of -18.3.

The latest confidence reading is the highest since July 2011, when it was -11. The confidence indicator rose for the eighth consecutive month.

Consumer morale improved also in the EU during July, with the indicator rising to -14.8 from -17.5 in June.

Final figures are scheduled to be released along with business and economic sentiment survey data on July 30.

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