- Eurozone consumer confidence worsens slightly less than expected in November
Market news
20 November 2020
Eurozone consumer confidence worsens slightly less than expected in November
The European
Commission (EC) said on Thursday its flash estimate showed the consumer
confidence indicator for the Eurozone declined by 2.1 points to -17.6 in
November from an unrevised -15.5 in the previous month. That was the lowest
reading since May.
Economists had
expected the index to decrease to -17.7.
Considering the
European Union (EU) as a whole, consumer sentiment worsened by 2.2 points to -18.7.
Given this
month’s declines, both indicators were well below their long-term averages of
-11.2 (Eurozone) and -10.6 (EU).
Market Focus
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