Euro-zone sentiment up, still “lacklustre”

22 September 2020

 

Summary: Euro-zone households slightly less pessimistic again in September; above consensus expectation but at level described as “lacklustre”; still below long-term average; euro-zone bond yields up slightly.   EU consumer confidence plunged during the GFC and again in 2011/12 during the European debt crisis. It fell back significantly in late 2018 but only to a level which corresponds to significant optimism among households. After a plunge took place in April...

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