Household sentiment retreats in euro-zone

23 July 2020

 

Summary: European Union households slightly more pessimistic in July; confidence index lower than in June, below consensus expectation; significantly below long-term average; euro-zone bond yields a touch higher.   EU consumer confidence plunged during the GFC and again in 2011/12 during the European debt crisis. Since early 2014, it has been at average or above-average levels, rising to a cyclical peak at the beginning of 2018.  Even after it dropped...

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