Bloomberg News

Euro-Area Consumer Confidence Declined in June as Economy Cooled

June 21, 2012

Euro-area consumer confidence declined in June, adding to signs the currency bloc’s economic slump deepened in the current quarter.

An index of household sentiment in the 17-nation euro area fell to minus 19.6 from minus 19.3 in May, the European Commission in Brussels said in an initial estimate today. Economists had forecast a drop to minus 20, the median of 28 estimates in a Bloomberg survey showed.

The commission is scheduled to publish the wider indicator of euro-region economic confidence on June 28.

To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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