Euro-area consumer confidence fell in March, snapping five months of increases and defying economists’ forecast for improvement. The European Commission’s gauge declined to -19.2 and remains well below its long-term average, the EU executive said in a statement on Thursday. The index is based on surveys of households around the region, and at least 80% of responses were collected before recent banking turmoil in financial markets.
(Bloomberg) — Euro-area consumer confidence fell in March, snapping five months of increases and defying economists’ forecast for improvement. The European Commission’s gauge declined to -19.2 and remains well below its long-term average, the EU executive said in a statement on Thursday. The index is based on surveys of households around the region, and at least 80% of responses were collected before recent banking turmoil in financial markets.
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