Consumer confidence in the eurozone brightened in November

Consumer sentiment in the eurozone brightened surprisingly significantly in November. The barometer for consumer confidence rose by 0.9 points to minus 16.9 points, according to data published by the EU Commission on Wednesday. Economists surveyed by Reuters had only expected an increase to minus 17.6 points. However, the economic indicator is still well below the long-term average.

Consumer sentiment in Germany at its lowest point

However, according to the German Retail Association (HDE), consumer sentiment in Germany is at its lowest point for six months. The tense geopolitical situation is likely to contribute to consumer uncertainty, it said. High inflation is also weighing on purchasing power. 

Source: www.handelsblatt.com