Eurozone Consumer Confidence Falls to Record Low

Consumer confidence in the eurozone retreated to record low in September amid accelerating concerns about increased costs of living and slowdown of the EU economy.

The European Commission said Thursday that its measure of consumer confidence in the region fell by 3.8 points in September from the August reading. The European Commission said a flash estimate showed Eurozone consumer morale decreased to -28.8 this month from -25.0 in August.

Consensus had expected a fall to -25.8. In the European Union as a whole, consumer sentiment fell by 3.5 points to -29.9.