- Eurozone consumer confidence improves more than expected in September
Market news
22 September 2020
Eurozone consumer confidence improves more than expected in September
The European
Commission (EC) said on Tuesday its flash estimate showed the consumer
confidence indicator for the Eurozone increased by 0.8 points to -13.9 in September
from an unrevised -14.7 in the previous month. That was the highest reading since March.
Economists had
expected the index to increase to -14.6.
Considering the
European Union (EU) as a whole, consumer sentiment improved by 0.6 points to -14.9.
Despite this
month’s gains, both indicators remained well below their long-term averages of
-11.1 (Eurozone) and -10.5 (EU).
Market Focus
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