{"id":62507,"date":"2022-03-23T19:27:01","date_gmt":"2022-03-23T15:27:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=62507"},"modified":"2022-03-23T19:27:04","modified_gmt":"2022-03-23T15:27:04","slug":"eurozone-consumer-confidence-deteriorates-in-march","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eurozone-consumer-confidence-deteriorates-in-march\/03\/23\/market-updates\/","title":{"rendered":"Eurozone Consumer Confidence Deteriorates in March"},"content":{"rendered":"\n<p>The flash estimate of March Eurozone Consumer Confidence dropped to two year low at -18.7 in March from -8.8 the month prior, data from the European Commission on Wednesday showed. That was much steeper than the expected drop to -12.9 and marked the worst such reading since May 2020. <br><br>While the data alludes to a larger than expected know to public confidence in the Eurozone as a result of the Ukraine war and its economic impact, the euro has not reacted, with EUR\/USD continuing to trade slightly to the south of the 1.1000 level.  <br><br>The Consumer Confidence released by the European Commission is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The flash estimate of March Eurozone Consumer Confidence dropped to two year low at -18.7 in March from -8.8 the month prior, data from the European Commission on Wednesday showed. That was much steeper than the expected drop to -12.9 and marked the worst such reading since May 2020. While the data alludes to a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7048,6928,6912,7887,6837],"class_list":["post-62507","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-confidence","tag-euro","tag-european-commission","tag-european-economy","tag-eurozone"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=62507"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62507\/revisions"}],"predecessor-version":[{"id":62555,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62507\/revisions\/62555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53201"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}