3 weeks ago
Economic Indicators

Euro Zone Consumer Confidence Holds Steady, Downside Risks Threaten

Investing.com - Euro zone consumer confidence matched estimates in February ahead of a month full of downside risks that will

Investing.com - Euro zone consumer confidence matched estimates in February ahead of a month full of downside risks that will likely keep sentiment in check.

The reading of minus 7.4 for this month went unrevised as expected, sustaining the slight improvement from the negative 7.9 seen in January.

Bert Colign, euro zone senior economist for ING, pointed to comfortable levels of fuel prices and the strong labor market as the bright spots in the euro zone economy, but warned of headwinds in March.

“Concerns about the general economic situation are a key drag on confidence for the moment, and March could prove to be a nail biter (due to) a series of deadlines around Brexit and trade negotiations. Possible U.S. tariffs on European cars could add to the mix,” he said.