Eurozone consumer confidence falls more than expected in March [Yahoo! Finance]
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Source: Yahoo! Finance
Consumer confidence in the euro area fell to -14.5 points in March from -13.6 in February, missing forecasts of a more moderate decline to -13, according to flash estimates from the European Commission released on Friday. The data, collected between 1 and 20 March, reflects growing unease among consumers about the strength of the recovery and external risks, including the potential inflationary effects from higher tariffs. “Consumer confidence veered further away from its long-term average again,” according to the report. On Thursday, ECB President Christine Lagarde told the European Parliament that the prospect of higher US tariffs could shave as much as 0.5 percentage points off eurozone growth while adding a similar amount to inflation
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