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European Economic News

EU Consumer Confidence Slumps After "Brexit"

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Consumer confidence in the 27 European Union countries decreased sharply in July after the "Brexit" vote late last month, while the indicator for the euro area eased moderately, preliminary data from the European Commission showed Wednesday.

The consumer confidence index for the EU countries, excluding the U.K., fell by a marked 1.8 points to -7.6.

The confidence indicator for the 18 Eurozone countries dropped by 0.7 points to -7.9.

Both measures weakened for a second straight month.

In the June 23rd referendum, 52 percent Britons chose to leave the EU in a surprise move.

The final figures will be released along with the Economic Sentiment Indicator on July 28.

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