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- Eurozone consumer confidence worsens in June
Eurozone consumer confidence worsens in June
The European
Commission reported on Thursday its flash estimate showed the consumer confidence
indicator for the Eurozone decreased 0.7 points to -7.2 in June from the
previous month.
Economists had
expected the index to stay at -6.5.
Considering the
European Union (EU) as a whole, consumer sentiment also dropped 0.7 points to
-6.9.
Despite these declines,
both indicators stand well above their respective long-term averages of -10.7 (Eurozone)
and -10.0 (EU), the report said.
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