Eurozone Consumer Confidence Unexpectedly Improves In October

My FX Forum

Staff member
Euro area consumer confidence improved modestly in October, defying economists' expectations for further decline, preliminary data from the European Commission showed on Tuesday. The flash consumer confidence index climbed to -2.7 from -2.9 in September, which was the lowest since May 2017. Economists had forecast a score of -3.2. The flash reading for the EU edged up 0.1 points to -2.7. The confidence scores for both Eurozone and the EU are above their respective long-term averages of -12.1 and -11.1, the European Commission said. Final figures for October consumer confidence will be released along with the overall economic sentiment data on October 30.