Euro-zone household sentiment normalising; index up again in October

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23 October 2024

 

Summary: Euro-zone consumer sentiment improves again in October, below expectations; consumer confidence index still below long-term average; euro-zone bond yields barely move. 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 a level which corresponds to significant optimism among households. Following the plunge which took place...

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