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EU CONSUMER CONFIDENCE RECOVERS IN AUGUST

September 7, 2022
consumer spending

The EU consumer confidence recovers in August after hitting the lowest level on record in July.

The indicator from the European Commission was mostly negative during this year, weakening further due to the war and inflation.

Consumer confidence plummeted in March after the start of the war in the Ukraine in February.

And a major recovery in confidence is unlikely this year as inflation continues to climb amid a looming energy crisis in Europe.

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