4/28/2021, 6:18 PM (Source: TeleTrader)
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Vaccine rollout boosts EU consumer confidence - Moody's

The COVID-19 vaccine rollout has made a positive impact on consumer confidence in Europe, Moody's Investors Service confirmed in its report published on Wednesday.

"As vaccination levels in the European Union slowly rise, consumers are increasingly expecting a general improvement in the economy within the next 12 months, lifting overall confidence. Retail sales are also recovering some momentum, and mobility data show signs that consumers continue to adapt to the more rigid social constraints imposed in recent months," Moody's Vice President Vincent Allilaire commented in the report.

According to the document, service and manufacturing PMIs have shown rising confidence in the recovery, with companies appearing comfortable with their liquidity levels.

Baha Breaking News (BBN) / ND