Eurozone consumer confidence rebounds in July
Date
7/23/2019 10:19:31 PM
(MENAFN- ING) Since the start of the year, confidence has moved sideways after significant declines over the course of 2018. This month's increase does not break with that trend, but was better than most analysts had expected. Consumers continue to benefit from relatively low inflation, improving wages and declining unemployment. There is a lot for the consumer to like, although concerns about the global economic outlook have dampened confidence for quite some time now.
This slight green shoot will not make a difference to policymakers at the European Central Bank on Thursday, who are set to decide on possible stimulus measures. It is a good start to this month's surveys though as improved confidence helps growth in household consumption in the third quarter. As industrial performance remains weak for now, the consumer is key for continued GDP growth in 3Q.
MENAFN2307201902220000ID1098795579
Author:
Bert Colijn
*Content Disclaimer:
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more here: https://think.ing.com/about/disclaimer/
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.