- Eurozone consumer confidence improves much more than forecast in March
Market news
24 March 2021
Eurozone consumer confidence improves much more than forecast in March
The European
Commission (EC) said on Wednesday its flash estimate showed the consumer
confidence indicator for the Eurozone rose by 4.0 points to -10.8 in February
from an unrevised -14.8 in the previous month. That was the highest reading since February 2020.
Economists had
expected the index to increase to -14.5.
Considering the
European Union (EU) as a whole, consumer sentiment improved by 3.6 points to -12.1.
Given this
month’s gains, both indicators are approaching their long-term averages of
-11.1 (Eurozone) and -10.6 (EU).
Market Focus
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