Euro-zone consumer confidence still stagnating

18 February 2021

 

Summary: Euro-zone households less pessimistic in February; slightly below consensus expectation; still below long-term average; major euro-zone bond yields up moderately.   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 took place...

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