Mexican Media Brands
Eurozone Confidence Slumps to 32-Month Low
The economic confidence of consumers and executives in June fell to the lowest level since October 2009 in the eurozone but remained stable across the broader EU, according to the European Commission.
#economics
Share
The economic confidence of consumers and executives in June fell to the lowest level since October 2009 in the eurozone but remained stable across the broader EU, according to the European Commission.
The EC's eurozone sentiment index slipped to 89.9 from a revised 90.5 in May. Its measure of manufacturer sentiment dropped from -11.4 in May to -12.7 this month, the lowest level since February 2010.
EU-wide consumer and business confidence, which fell sharply from April to May, was unchanged at 90.4 this month.
Consumer confidence slid 0.5 points to -19.8 in the eurozone and 0.3 points to -19.7 in the EU.
The EC reports that its sentiment gauges fell most sharply in Europe's biggest economies, with declines of 1.5 points to 91.8 in France and 1.4 points to 100.5 in Germany. But the gauge rose in Italy (0.9 points to 79.7), Spain (1 point to 89.1) and the U.K. (1.9 points to 92.9).
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.