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Consumer Confidence In Euro Zone Back To Pre-Pandemic Levels In May

May 21, 2021 by Forex Winner Leave a Comment

Consumer Confidence In Euro Zone Back To Pre-Pandemic Levels In May

The consumer confidence indicator in the European Union and the Euro zone climbed back to pre-pandemic levels in May, the European Commission reported in a statement.

Consumer Confidence In Euro Zone Back To Pre-Pandemic Levels In May
  • The DG ECFIN flash estimate of the consumer confidence increased in both regions by 3.0 points in May.
  • The indicator for the European Union stood at -6.0 points, back to its pre-pandemic level.
  • The EU aggregate took into consideration survey data from 26 countries accounting for 98% of the total private final consumption expenditure.
  • Meanwhile, the indicator for the Euro zone stood at -5.1 points or slightly above the level seen before the coronavirus disease 2019 (COVID-19) hit the area.
  • The Euro area indicator aggregate was computed on the basis of data from all 19 member states.

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