Economics
Happy Europeans May Bring Spark to Lagging Consumer Stocks
- Euro-area consumer confidence has hit a 16-year high
- Shoppers have been delaying spending post-crises, SocGen says
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Europeans haven’t felt this good about spending in 16 years.
That bodes well for companies focused on shoppers. The MSCI Europe Consumer Discretionary Index, which has typically tracked improvements in sentiment, has so far lagged gains in the broader regional measure this year. That may change, with the euro-area consumer confidence in June surging to its highest level since early 2001.