Market news
24.03.2021, 15:10

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).

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