Eurozone consumer confidence improves more than expected in April

Market news

22 April 2021

Eurozone consumer confidence improves more than expected in April

The European Commission (EC) said on Thursday its flash estimate showed the consumer confidence indicator for the Eurozone rose by 2.7 points to -8.1 in April from an unrevised -10.8 in the previous month. This was the highest reading since February 2020.

Economists had expected the index to stay -10.8.

Considering the European Union (EU) as a whole, consumer sentiment improved by 3.1 points to -9.0.

Given this month’s gains, both indicators are now above their long-term averages of -11.1 (Eurozone) and -10.6 (EU).

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