EU, Eurozone Consumer Confidence Slip in December

Source: European Commission

Consumer confidence in both the eurozone and the European Union declined for the second straight month in December, bringing the level well-below readings seen before the COVID-19 pandemic hit. VGK is up 0.56%, while EZU is up 0.64%.

• The DG ECFIN consumer confidence flash estimate indicator slipped by 1.4 points in the EU, and 1.5 points in the eurozone versus the previous month.
• The latest readings bring the indicator in both areas below their respective levels before the COVID-19 pandemic and approaching long-term averages.
• The Economic Sentiment Indicator fell by 1.1 points in both areas, down to 116.5 in the EU and 117.5 in the eurozone in November.
• The Employment Expectations Indicator also grew to a 10-month high in both areas at 115.6 points, up 1.4 points in the EU and 1.7 points in the eurozone.