EU consumer confidence plunged during the GFC and again in 2011/12 during the European debt crisis. Since early 2014 it has been at an average of above levels, rising to a cyclical peak at the beginning of 2018. It then dropped back significantly in December 2018, albeit to still-elevated levels, at about the same time as doubts emerged over the US economy’s robustness. Since then, it has slowly been recovering....