Consumer in the Eurozone More Positive Than Before the Corona Crisis

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Consumers in the euro countries became less gloomy in May, the European Commission reports.

 

According to researchers from the executive board of the EU, consumer confidence in the eurozone even rose above the level just before the corona pandemic.

As vaccination campaigns progress steadily in many countries and anti-corona measures are relaxed, the gloom among consumers is also easing. The consumer confidence indicator in the eurozone rose 3 points to minus 5.1.

That is well above the average for the past ten years and slightly above the level in the first two months of 2020, when the coronavirus had not yet hit Europe.

In the European Union as a whole, confidence rose to the same level as before the pandemic.

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