Euro household confidence improves, beats expectations

Summary: Euro-zone households more optimistic in May; above pre-pandemic values; index above consensus expectation, long-term average; major euro-zone bond yields stable/down a little.   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...

read full story