Eurozone Consumer Confidence Falls to New Record Low in September
Consumer confidence in the eurozone declined in September amid concerns about increased costs of living and slowdown of the economy, falling to its lowest level on record. The European Commission said Thursday that its measure of consumer confidence in the region fell to minus 28.8 from a revised reading of minus 25.0 in August. Economists polled by The Wall Street Journal had expected consumer confidence at minus 25.6. Consumer confidence is well below its long-term average of minus 11.0 and below its low at the onset of the Covid-19 pandemic in spring 2020.