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6/29, 11:00 AM (Source: TeleTrader)
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Eurozone consumer confidence at 21-year high in June

Consumer confidence in the euro area continued to improve in June, hitting a 21-year high, the European Commission revealed in a report on Tuesday.

The Economic Sentiment Indicator rose 3.4 points to 117.9 compared to May, while the gauge for the European Union climbed 3 points to 117. The brightened sentiment was driven primarily by improving confidence in the services sector, however, the remaining business sectors also saw improvements.

Industrial confidence in the euro area reached a new all-time high of 12.7 points, while services sentiment hit its highest level since February 2018 at 17.9 points.

Breaking the News / JC