Eurozone consumer confidence likely to increase to -4.1 in April – Danske Bank

Sandeep Kanihama FXStreet Contributor

In view of the analysts at Danske Bank, it’s going to be a relatively quiet day once again on the data front, with the main release in the euro area being consumer confidence.

Key Quotes

“The latest euro-area unemployment figures showed a decline in February to 9.5%, and such decent employment growth continues to support increasing consumer confidence, which we expect to see increased to -4.1 in April. Like financial and business sentiment, consumer confidence has also proved fairly resistant to political uncertainty, so we expect it to continue on an upward trend despite the uncertain political climate.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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