EU: Consumer confidence in February (preliminary) improves slightly to -7.4 vs -7.8 expected

Eren Sengezer FXStreet

In its latest Business and Consumer Surveys, the European Commission said that the flash consumer confidence indicator in the euro area rose by 0.5 points to -7.4 in February and came in slightly better than the market expectation of -7.8.

"At −7.4 points (euro area) and −7.2 points (EU), both indicators are well above their respective long-term averages of −11.3 (euro area) and −10.5 (EU)," the EC noted in its publication.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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