Creeping higher: euro-zone household sentiment improves again in May

23 May 2024

 

Summary: Euro-zone consumer sentiment improves slightly again in May, index a touch less than expected; consumer confidence index still substantially below long-term average; Westpac: index at its least-pessimistic level since early 2022; euro-zone bond yields rise moderately. EU consumer confidence plunged during the GFC and again in 2011/12 during the European debt crisis. After bouncing back through 2013 and 2014, it fell back significantly in late 2018 but only to...

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