A Look at the Eurozone Consumer Confidence Index in April

According to a report from the European Commission, the Eurozone Consumer Confidence Index stood at 0.4 so far in April as compared to 0.1 in March 2018, which was in line with the market expectations of 0.4. The consumer confidence index improved marginally in April as compared to last month mainly due to the improvement in economic activity of households. As household expenditure is an important component of the Eurozone’s GDP, the improvement in this component is a positive sign for the economy.