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

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MNI: EUROZONE DATA: Flash Consumer Confidence (Jul 2019) Review
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- Flash Consumer Confidence Indicator (CCI): -6.6; Prev (Jun): -7.2
- Consumer sentiment in the Eurozone surprised market expectations of a flat
reading in Jul...
- ... picking up by 0.6pts to sit at -6.6, 0.4pts above Q2's average of -7.0
- After rising consistently throughout Q1, the indicator has since seen a more
choppy performance...
- ... as concerns over economic and political developments have increased
- Nevertheless, confidence remains far above its long-term -10.7 average...
- ... and solid fundamentals (resilient labour market, soft inflation,
expansionary monetary & fiscal policies) remain supportive going forward
- However, with signs that the slowdown in externally exposed sectors is
starting to filter through more widely to the rest of the economy, weighing on
the demand for labour, consumers are likely to remain cautious ahead

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