Euro consumer sentiment improves; “surprising” given Ukraine

21 April 2022

 

Summary: Euro-zone households less pessimistic in April; Consumer Confidence Indicator up 1.8 points to -16.9; well below long-term average, just inside lower bound of normal readings; euro-zone sovereign bond yields 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...

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