Eurozone consumer confidence unexpectedly improves in August

Market news

21 August 2020

Eurozone consumer confidence unexpectedly improves in August

The European Commission (EC) said on Thursday its flash estimate showed the consumer confidence indicator for the Eurozone rose by 0.3 points to -14.7 in August from an unrevised -15.0 in the previous month. Economists had expected the index to remain at -15.0.

Considering the European Union (EU) as a whole, consumer sentiment improved by 0.1 points to -15.5.

Despite this month’s gains, both indicators remained well below their long-term averages of -11.1 (Eurozone) and -10.5 (EU).

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