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Eurozone Consumer Confidence Weakens More Than Expected
(RTTNews) - Euro area consumer sentiment eroded for a second month in a row in April to its lowest level in one-and-a-half years, survey data from the European Commission showed on Tuesday.
The flash consumer confidence index slid to -16.7 from -14.5 in March. Economists had expected a score of -15.0. The latest reading was the lowest since -16.9 in November 2023.
The corresponding index for the EU shed 2.1 percentage points to reach -16.0.
Consumer confidence moved further away from its long-term average to its lowest level in 18 months, the EU said.
Survey data was collected from April 1 to 21. Final results of the consumer confidence survey for April are set to be released along with the monthly economic sentiment survey data on April 29.
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