BRUSSELS (Reuters) – Euro zone consumer confidence deteriorated in July despite expectations of an improvement even though most European governments relaxed restrictions on business and travel related to the COVID-19 pandemic, preliminary data showed on Thursday.
The European Commission said the consumer confidence indicator for the 19 countries sharing the euro was at -15.0 points in July, deteriorating from 14.7 points in June and defying market expectations of an improvement to -12.0.
For the whole of the European Union of 27 countries, the consumer confidence indicator was -15.6 points.
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