Growing Consumer Confidence in the Eurozone

Growing Consumer Confidence in the Eurozone

Growing Consumer Confidence in the Eurozone 1920 1280 Energy-markets

The index of business and consumer confidence in the eurozone economy rose to 101.3 points from 100.8 points, according to the European Commission. Analysts had expected the indicator to rise to an average of 101 points.

The confidence indicator of European industrial companies rose from 9.5 points in October to minus 9.2 points. The final forecast provides for the growth of the indicator to minus 9.1 points.

The growth of the indicator shows that companies are extremely optimistic about future production volumes and finished goods inventories. However, companies are still wary of declining export demand and are assessing employment prospects in the sector and the possibility of price increases with great pessimism.

The confidence index in the service sector rose to 9.3 points from 9 points in the outgoing month and exceeded forecasts of 8.8 points.

The consumer confidence indicator rose to minus 7.2 from minus 7.6 points in November.