Eurozone Consumer Confidence Unexpectedly Improves In August
Euro area consumer confidence unexpectedly rose in August, amid fears of a second wave of coronavirus, or Covid-19, infections in some countries in the bloc, preliminary figures from the European Commission showed on Friday.
The consumer confidence index rose to -14.7 from -15 in July. Economists had expected the index to remain unchanged.
In June, the reading was at -14.7.
The consumer confidence index for EU edged up to -15.5 from -15.6 in July.
Both indicators remain well below their long-term averages of ?11.1 and ?10.5, respectively.
The final readings for August are scheduled to be released along with the monthly economic sentiment survey data on August 28.