Euro-zone consumer sentiment up for fifth consecutive month

20 February 2023

 

Summary: Euro-zone households less pessimistic in February; consumer confidence index up 1.7 points; still well below long-term average, lower bound of “normal” readings; aided by relatively mild winter, receding energy fears, slowing headline inflation ; euro-zone 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...

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