Euro-zone household confidence returns in March

24 March 2021

 

Summary: Euro-zone households more optimistic in March; index well-above consensus expectation; back above long-term average; major euro-zone bond yields slip.   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 in...

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