Euro-zone household confidence back to pre-pandemic level

Summary: Euro-zone households more optimistic in April; back to pre-pandemic value; index above consensus expectation, long-term average; major euro-zone bond yields up a touch.   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 that corresponds to significant optimism among households. Following the plunge...

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