Eurozone Consumer Confidence October Flash Reading Comes in at -17.9, Below Market Forecast - BigGo Finance

The Eurozone consumer confidence index for October (flash reading) came in at -17.9, below the market forecast of -17.0. It deteriorated further from the previously reported -16.5, indicating that household sentiment is weakening. The indicator, published monthly by the European Commission, shows how consumers in the bloc view the economic outlook and their household finances. A reading in negative territory means consumers remain cautious. This time the result fell short of expectations, and market participants are likely to focus on concerns about the pace of recovery in private consumption. Note: Figures refer to the Eurozone consumer confidence index. A negative reading indicates deteriorating sentiment.