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

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MNI: EUROZONE DATA: Flash Consumer Confidence (Aug 2019) Preview - 15:00 BST
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- Bloomberg Consensus: -7.0; MNI Median: -6.8; Prev (Jun): -6.6 
- Markets look for consumer confidence to have fallen in August...
-...after it edged up 0.6 points to -6.6 in July, a two-months high 
- After falling throughout most of 2018, CC started to trend sideways in 2019 
- July's uptick was led by consumers improved perception of their past financial
situation and their expectations about the general economic situation... 
-...while their expected financial situation and their intentions to make major
purchases remained unchanged 
- Recently falling equity prices (historically reasonably well correlated with
consumer confidence) reveal a downside risk to Aug's reading 
- Low inflation and a supportive policy environment should help confidence... 
-...however, a number of domestic and international uncertainties continue to
weigh on consumer's sentiment going forward

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