Euro-zone consumers more cautious in October

21 October 2021

 

Summary: Euro-zone households less optimistic in October; index falls 0.8 points to -4.8; still well above long-term average; euro-zone sovereign bond yields moderately higher.   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...

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