by Mon, 20 Dec 2010 16:03:00 +0100
EMU: Consumer Confidence worsens in December
FXstreet.com (Barcelona) - Consumer confidence over the European Union declined slightly to a reading of -11.0 in December compared to a upwardly revised -9.4 at last reading.
The Consumer Confidence released by the European Commission is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
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