Eurozone consumer confidence improved more than expected

In the Eurozone, consumer moods continue to be gloomy, but less gloomy than earlier in the fall.

In the November measurement, the index measuring the mood stood at -23.9.

Confidence was expected to improve slightly from the last few months: the consensus of economists collected by Bloomberg expected November’s reading to be -26.0 points, while the corresponding figure for October was -27.6.

The lowest reading of all time was reached in September, when confidence fell to -28.8 points.

The drift of the Eurozone into recession is already considered quite certain, which makes consumers’ moods gloomy. In addition, the rise in prices reduces purchasing power, which is expected to be reflected in a decrease in consumption.

Source: Arvopaperi by

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