Consumer confidence in the Euro area declined by 1.2 points to -13.7 in November 2024, falling below its long-term average and coming in worse than the market expectation of -12.4, according to preliminary estimates.
Eurozone consumer morale unexpectedly drops
This marks the lowest level of consumer confidence since June, reflecting growing concerns among consumers about the economic outlook. In the broader European Union, consumer sentiment also weakened, dropping by 1.1 points to -12.4.
Consumers feel more pessimistic
This decline suggests that consumers across the region are feeling more pessimistic, possibly due to factors such as rising inflation, economic uncertainty, and geopolitical tensions.
