European Consumer Confidence Tumbles

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Consumer confidence in the eurozone has clearly declined this month, reports the European Commission.

 

Amid increasing corona infections in many countries and the associated additional measures, households became more negative. Earlier Monday, Dutch consumer confidence also appeared to have fallen considerably.

The European Commission’s gauge of confidence for the eurozone fell 2 points to minus 6.8. This is again close to the level before the corona crisis, while confidence was clearly higher for a large part of this year.

Nevertheless, the level of minus 6.8 is still higher than the long-term average, which is around minus 10.

For the whole of the EU, there was a decrease of 2.1 points to minus 8.2. That position is slightly lower than the level before the corona crisis.

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