EU Consumer Confidence Plunges Lower, Eurozone Picks Up

Source: European Commission

Consumer confidence continued to decline in the European Union in May but inched up in the eurozone during the period. EZU is up 0.39%, while VGK is up 0.46%.

• The consumer confidence flash estimate for the European Union stood at -22.2 in May, marking a decline of 0.4 points from the previous months.
• The eurozone consumer confidence indicator was recorded at -21.1, marking an increase of 0.9 points.
• The indicator for both areas remains below the long-term average.