EU Economic Confidence Improves, but Inflation Expectations Head Down
Skerdian Meta • 1 min read
The consumer confidence in the Eurozone remains in negative territory, despite the improvement since May. The recent coronavirus hype and certain restrictions are keeping the consumers wary of the future, so they are not that confident. Economic confidence is also improving, but it still remains way below the pre-covid February level.
We are seeing a small improvement in all other confidence indicators, but they still remain negative, so the economic situation in Europe doesn’t seem promising at all, which should turn the Euro bearish soon.
- Economic confidence 91.1 points vs 89.0 expected
- August economic confidence was 87.7 points; revised to 87.
- September final consumer confidence -13.9 vs -13.9 prelim
- Industrial confidence -11.1 points vs -10.0 expected
- Prior industrial confidence was -12.7 points; revised to -12.8
- Services confidence -11.1 points vs -16.3 expected
- August services confidence was -17.2 points