- Analytics
- News and Tools
- Market News
- Euro area Consumer Confidence declines to -23.6 in June vs. -20.5 expected
Euro area Consumer Confidence declines to -23.6 in June vs. -20.5 expected
- Consumer sentiment in the euro area continued to weaken in June.
- EUR/USD continues to trade in positive territory above 1.0550.
According to the European Commission's flash estimates for June, the Consumer Confidence Indicator decreased in both the EU (1.9 points down from May) and the euro area (2.4 points down).
"At -24.0 (EU) and -23.6 (euro area) points, consumer confidence fell further below its long-term average of -10.6 (EU) and -11.0 (euro area) and closer to the record low recorded in April 2020, at the beginning of the COVID-19 pandemic," the publication further read.
Market reaction
The EUR/USD pair showed no immediate reaction to these figures and was last seen gaining 0.35% on the day at 1.0560.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
