June 30, 2022

Eurozone consumer confidence falls to new low

The European Fee stated on Wednesday that consumer confidence within the eurozone has fallen to its lowest degree for the reason that begin of the coronavirus pandemic, as households face hovering power and meals costs and economists warn concerning the heightened danger of a recession. The flash indicator used had fallen to -23.6 this month, worse than anticipated by economists polled by Reuters, who had predicted consumer confidence would rise to -20.5.

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