Consumer confidence weakened in Europe

Consumer confidence weakened in the euro area and throughout the European Union in April, after three consecutive months of improvement.

According to the Thursday released preliminary data of the European Commission the confidence index of the euro area in March decreased from minus 19.1 points to minus 19.8 points. Experts expected a minimal improvement in April: minus 19.0 points.

The preliminary survey shows that in April consumer confidence weakened throughout the whole European Union from minus 19.3 points of March to minus 20.1 points. (MTI)