Eurozone consumer confidence hits four-year high in NovemberStaff writer ▼ | November 30, 2015
Economic confidence in the Eurozone reached its highest level in over four years in November, new figures showed.
Europe According to data released by the European Commission:
The sub-index tracking confidence in the building sector rose to -20.7 to -17.8 this month, while a gauge measuring sentiment in retail trade fell from a revised 6.4 in October to 5.8.
"We continue to expect Eurozone GDP growth to remain steady at around 1.5% over the next few quarters," said BNP Paribas' analyst Luigi Speranza.
"The risks to this scenario are broadly balanced. While encouraging, in view of the global slowdown, this is still too little to push inflation sustainably higher, underscoring the need for additional monetary-policy easing." ■