Thread: EUR Consumer Confidence

The Consumer Confidence is a measure of how well consumers are confident with the state of the European economy which reflects consumers spending capability based on household spending and saving tendencies. It also gauges their expectations regarding future economic conditions and situations. This indicator is based on a survey of over 2,300 consumers expressing their sentiment on current financial situation, employment, inflation, and climate for major purchases. However, it is expected to decrease in the upcoming session due to the weakening of EUR in the market.

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Despite the fact that both the European and American economies are experiencing serious ]challenges, the greenback continues to depreciate against other major currencies. This will make it more difficult for European countries to bounce back from the recession, as their products and services are considered more expensive than their American counterpart.

Senior analysts are still predicting the need for more European bailouts and the possible future collapse of the Euro.


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