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Euro zone consumer confidence falls unexpectedly in April

Euro zone consumer confidence falls unexpectedly in April

FINANCIAL NEWS

Euro zone consumer confidence falls unexpectedly in April


Euro zone consumer confidence fell unexpectedly by 0.7 points in April from the March number, figures released on Tuesday showed.

The European Commission said a flash estimate showed euro zone consumer morale decreased to -7.9 this month from -7.2 in March. Economists polled by Reuters had expected a rise to -7.0.

In the European Union (EU) as a whole, consumer sentiment fell by 0.6 points to -7.7.

Both indicators remain above their respective long-term averages of -11.3 for the euro zone and -10.4 for the EU as a whole, the Commission said.



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