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- Eurozone consumer confidence improves more than expected in April
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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