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MNI: EUROZONE DATA: Flash Consumer Confidence (Apr...>

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MNI: EUROZONE DATA: Flash Consumer Confidence (Apr 2019) Review
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- Flash Consumer Confidence Indicator (CCI): -7.9; Prev (Mar): -7.2
- Markets had been looking for a small uptick to -7.0 in Apr, so this is a
sizeable downside surprise 
- Amid some tentative signs of stabilisation in the Eurozone economy recently,
this data throws cold water on any hopes of a sharp imminent rebound
- Nevertheless, the CCI remains well above its -11.3 series average
- Employment & wage gains, softer inflation and a supportive policy environment
should help the CCI resume rising in the coming months
- However, consumers clearly remain cautious as a number of domestic and
international uncertainties remain unresolved

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