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MNI BRIEF: Eurozone Consumption Not Recovering - De Guindos

MNI (LONDON) - The eurozone is not seeing a recovery in consumption recovery, with weak growth a “fundamental” problem for the blocl European Central Bank Vice President Luis de Guindos said on Monday.

 Despite good wages and labour market data, consumption of goods is not matching consumption of services due to “confidence factors,” De Guindos said in an event in Madrid. 

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MNI (LONDON) - The eurozone is not seeing a recovery in consumption recovery, with weak growth a “fundamental” problem for the blocl European Central Bank Vice President Luis de Guindos said on Monday.

 Despite good wages and labour market data, consumption of goods is not matching consumption of services due to “confidence factors,” De Guindos said in an event in Madrid. 

Keep reading...Show less