• Eurozone Final Consumer Confidence steadies at -23.6 in June, matches estimates

Market news

29 June 2022

Eurozone Final Consumer Confidence steadies at -23.6 in June, matches estimates

Eurozone's Final Consumer Confidence Index arrived at -23.6 in June vs. -23.6 recorded previously, according to the latest data release from the European Commission. The data confirmed to the consensus forecast of 23.6.

Meanwhile, the bloc’s Economic Sentiment Indicator for June dropped to 104.0 vs. 103.0 expected and 105.0 previous.

Sentiment in the industry improved to 7.4 points from 6.5 in May and for services, the economy's biggest sector, to 14.8 from 14.1 in May.

Consumer inflation expectations, which reached an all-time high in March, continued to decline, slipping to 42.6 in June from 45.5 in May.

Market reaction

EUR/USD is posting small losses, little changed on the Eurozone sentiment data. The pair is currently trading at 1.0510.  

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.