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Financial News: Eurozone Consumer Confidence At 6-month Low

Eurozone Consumer Confidence At 6-month Low

11/20/2020 - 10:52:00 (RTTNews)

(RTTNews) - Eurozone's consumer confidence weakened for a second consecutive month in November to reach its lowest level in six months as countries like Germany and France returned to lockdown amid a resurgence in the coronavirus pandemic.

The flash consumer confidence index fell to -17.6 from -15.5 in October, preliminary data from the European Commission showed on Friday. Economists had forecast a score of -17.7. The latest reading was the weakest since May, when it was -18.8. The corresponding indicator for the EU also dropped to a six-month low of -18.7 from -16.5 in October. The survey was conducted from November 1 to 19. The final readings are set to be published along with the monthly economic sentiment survey results on November 27.

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