Date: 26 Rabbi al-Thanni 1443   Wednesday 01 December 2021

  • Last Update: Wednesday 01 December 2021، 09:45:28.

Euro area consumer confidence falls 0.8 point in Oct

09:19 22 October 2021 Author :  

Consumer confidence in the euro area fell 0.8 points in October from the previous month, according to a flash estimate of the consumer confidence indicator released on Thursday by the European Commission.

The leading indicator, which can predict consumer spending, also measures consumer confidence in economic activity and now stands at minus 4.8 points.

Markets had expected the figure to decline to minus 5 points from its September level of minus 4.

In the EU, consumer confidence fell this month by 0.9 points from the previous month to minus 6.1 points.

The market estimate for the figure had been minus 6.4 points, while it had stood at minus 5.2 in September.

"The indicator remains close to or above its pre-pandemic level in both regions," the European Commission said./aa

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