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

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MNI: EUROZONE DATA: Flash Consumer Confidence (Jul 2019) Preview - 15:00 BST
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- Bloomberg Consensus: -7.2; MNI Median: -7.2; Prev (Jun): -7.2
- Markets expect consumer confidence to hold steady in Jul...
- ... after it fell in Jun by 0.7pts from May's six-month high 
- While still above the near-two-year low of -7.8 reached in Dec, the Jun figure
left the Q2 avg at -7.0...
- ... unchanged from Q1, which was the softest quarterly reading since Q1 2017
- Indeed, after falling throughout most of 2018, consumer confidence has trended
sideways so far this year...
- ... as confidence about the general economic situation has deteriorated while
sentiment regarding consumers' personal financial situations has improved
- Recent gains in equity prices (historically reasonably well correlated with
consumer confidence) pose some upside risk to expectations of a steady reading
- In any case, confidence looks set to remain weighed going forward by a number
of domestic and international uncertainties

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