Euro consumer confidence up

City A.M. Reporter
CONSUMER morale in the Eurozone improved in April, the European Commission said yesterday, but remained well below the long-term average.

The Commission said consumer confidence in the 17-member bloc rose to minus 22.3 this month from a March figure of minus 23.5.

The reading beat expectations of economists, who had expected a deterioration to minus 23.85.

In the wider 27-member European Union, consumer sentiment also improved in April, to minus 20.4, compared to minus 21.6 last month.