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Eurozone Consumer Confidence Unexpectedly Weakens To 3-Month Low

By Jyotsna V   ✉  | Published:  | Google News Follow Us  | Join Us
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Pessimism among Euro area households increased in March as the consumer sentiment measure unexpectedly sunk to its lowest level in three months, preliminary survey data from the European Commission showed on Friday.

The flash consumer confidence indicator for Eurozone fell to -14.5 from -13.6 in February, while economists were looking for an improvement to -13.0.

The latest reading was the weakest since December. Confidence weakened this month after a strong rise in February and a modest gain in January.

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