Euro-Zone Consumer Sentiment Hits Record Low on Energy Woes
- Confidence gauge declines to -28.8; economists expected -25.5
- Households struggling amid energy shortages, record inflation
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Euro-area consumer confidence slumped to its lowest level on record as households brace for a winter energy crunch and a further acceleration of already soaring inflation.
A monthly gauge from the European Commission fell to -28.8 in September, according to data released on Thursday. That compared with analyst estimates for a decline to -25.5.