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EU CONSUMER CONFIDENCE INDICATOR TURNS POSITIVE

March 15, 2021

But the threat of a third wave of the pandemic will most likely dent expectations for March.

EU consumer confidence indicator turns positive in February after a negative reading in January.

The survey from the European commission showed an increase in February for both the EU (+0.8) and the euro area (+0.7).

However, with -15.8 for the EU and -14.8 for the euro area, the indicator is substantially below its long-term average of -10.6 and -11.1.

Moreover, with ongoing pandemic troubles fuelling uncertainty, a clear trend in consumer confidence has yet to emerge.

EU consumer confidence survey February 2021

As such the EU consumer confidence indicator could show more negative readings during 1H 2021.

This is particularly pertinent as Europe appears to be entering a third wave of the virus.

Meanwhile, demand for polymers showed continuous strength in March, supported by healthy activity in most market segments.

But market distortions are keeping availability of polymers very low as supply chains are at breaking point.

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