Eurozone consumer confidence index fell short of analysts’ expectations

The European Commission reported that in October consumer confidence in the eurozone fell to the lowest in a ten-month period. The corresponding index fell to minus 7.6 points. A month earlier it was at minus 6.5 points. Analysts who took part in the survey believed that the index would decrease by 0.2 points to minus 6.7 points. An even lower value of the index was recorded in December 2018. Then it was at minus 7.8 points. Consumer confidence in the European Union also shows negative dynamics. In October, the index, reflecting the situation in the EU, fell to minus 7.3 points against the September value of 8.2 points. Published data are preliminary and can be changed, but slightly. At the end of the month, the European Commission will publish the refined values of consumer confidence indices, as well as provide data on economic sentiment in the region.