Euro zone consumer confidence falls unexpectedly to -7.9 in April
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FILE PHOTO: People walk through one of the main pedestrian shopping areas, Preciados street, in central Madrid, Spain, June 14, 2018. REUTERS/Paul Hanna
(Reuters) - Euro zone consumer confidence fell unexpectedly by 0.7 points in April from the March number, figures released on Tuesday showed.
The European Commission said a flash estimate showed euro zone consumer morale decreased to -7.9 this month from -7.2 in March.
Economists polled by Reuters had expected a rise to -7.0.
In the European Union (EU) as a whole, consumer sentiment fell by 0.6 points to -7.7.
Both indicators remain above their respective long-term averages of −11.3 for the euro zone and −10.4 for the EU as a whole, the Commission said.
(Reporting by Piotr Lipinski in Gdynia)
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