Euro-Region Consumer Confidence Plunges to Lowest in 2 Years
This article is for subscribers only.
European consumer confidence tumbled in September to the lowest in two years as a worsening debt crisis sparked concerns that the economy may slide into a recession.
An index of household sentiment in the 17-nation euro area fell to minus 18.9 from minus 16.5 in August, the Brussels-based European Commission said in an initial estimate today. Economists forecast a drop to minus 18, the median of 29 estimates in a Bloomberg News survey showed.