Financial News: Eurozone Consumer Confidence Sinks To Lowest In 5

Eurozone Consumer Confidence Sinks To Lowest In 5 Months

11/21/2024 - 14:24:00 (RTTNews)

(RTTNews) - Consumer sentiment in the euro area deteriorated more than expected to its lowest level in five months in November, preliminary results of a survey by the European Commission showed on Thursday.

The flash consumer confidence index for Eurozone fell to -13.7 from <a href=https://www.rttnews.com/3485635/eurozone-economic-sentiment-weakens-in-october.aspx target=_blank >-12.5 in October</a>. Economists were looking for a score of -13.0.

The latest reading was the weakest since June when the score was -14.0.

The corresponding index for the EU dropped by 1.1 percentage points to -12.4.

Both consumer confidence readings fell back below their long-term average, the EU said.

The survey data was collected from November 1 to 20.

The fall in the consumer confidence indexes came after the presidential election in the U.S. that saw Donald Trump getting elected for another term.

The final figures for the consumer confidence index for November are set to be published along with the monthly economic sentiment survey data on November 28.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Consumer Prices Rise 2.3% On Year In October (01 hr(s), 13 min(s), 31 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 2.3 percent on year in October, the Ministry ...Full Story»

Australia Manufacturing PMI Improves To 49.4 In November - Judo Bank (01 hr(s), 30 min(s), 31 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to contract in November, albeit at a s ...Full Story»

Japan Inflation Data Due On Friday (02 hr(s), 15 min(s), 31 sec(s) ago)
(RTTNews) - Japan will on Friday release October data for consumer prices, highlighting a modest d ...Full Story»

Eurozone Consumer Confidence Sinks To Lowest In 5 Months (05 hr(s), 25 min(s), 31 sec(s) ago)
(RTTNews) - Consumer sentiment in the euro area deteriorated more than expected to its lowest leve ...Full Story»

Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions (08 hr(s), 34 min(s), 31 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

U.S. Leading Economic Index Falls Slightly More Than Expected In October (09 hr(s), 11 min(s), 31 sec(s) ago)
(RTTNews) - A reading on leading U.S. economic indicators fell by slightly more than expected in t ...Full Story»

U.S. Existing Home Sales Rebound More Than Expected In October (09 hr(s), 30 min(s), 31 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. rebounded by more than expected in the month of Octobe ...Full Story»

Philly Fed Index Unexpectedly Indicates Contraction In November (10 hr(s), 01 min(s), 31 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday said regiona ...Full Story»