Consumption barometer: Consumer sentiment in the euro area is stagnating at a low level

Consumer sentiment in the euro area remains poor. In November, the exchange rate remained unchanged at minus 14.2 points. Inflation fell slightly.

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Consumer sentiment in the euro area remains at a low level, with the consumer climate stagnating at minus 14.2 points. Inflation in the euro zone fell slightly to 2.1 percent in October, close to the ECB’s target of two percent. In September the inflation rate increased to 2.2 percent. This means that inflation is approaching the desired value. Developments will continue to be monitored and articles will be updated regularly.

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Consumer sentiment in the euro area is poor.
© Boris Roessler/dpa

Consumer sentiment in the euro area remains at a low level. Like the previous month, the consumer climate barometer fell 14.2 points in November, according to an EU Commission survey.

Inflation in the eurozone fell slightly in October. Prices of goods and services rose an average of 2.1 percent compared to the same month last year. In September the inflation rate increased to 2.2 percent.

Thus, inflation is approaching the European Central Bank’s (ECB) target of two percent.

This article will continue to be updated.