Euro-zone sentiment down again in September

21 September 2023

 

Summary: Euro-zone household sentiment more pessimistic in September; consumer confidence index noticeably below long-term average, lower bound of “normal” readings; euro-zone yields increase modestly. 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...

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