The consumer confidence index improved unexpectedly in the euro area and the EU in April

By: Trademagazin editor Date: 2022. 04. 22. 11:21

Instead of the expected deterioration, consumer confidence in the euro area and the European Union improved in April from a low of 22 in March, according to a report by the European Commission’s Directorate-General for Economic and Financial Affairs (DG EcFin) on Thursday.

Unexpectedly improved consumer confidence in the EU and the euro area

According to preliminary data from DG EcFin, the euro area consumer confidence index rose by 1.8 points from minus 18.7 points in the previous month to minus 16.9 points in April.

Analysts expected minus 20.0 points, further deterioration.

However, despite the unexpected improvement, the sentiment index remained well below the long-term average. (MTI)