Consumer confidence in the Eurozone has dropped in November for the second successive month as rising COVID-19 cases and higher energy prices in addition to surging inflation dented consumers’ moods and continued to worry citizens, as the Euro hit a 21-month low against the sterling.
The European Commission said Monday that its measure of consumer confidence in the single-currency area decreased to minus 6.8 in November from minus 4.8 in October, the lowest level since April.
Germany’s Bundesbank has warned that inflation could soon approach 6%, and that growth in Europe’s largest economy may faltered this quarter. The US is still battling high inflation and tries to recover jobs lost in the pandemic.
Tags Consumer Confidence Consumer Sentiment Euro Eurozone sterling USD
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