In Europe, consumer confidence drops

Published: Sept. 22, 2011 at 12:32 PM

BRUSSELS, Sept. 22 (UPI) -- Consumer confidence in Europe dropped to a low for the year in September, Eurostat, the statistical arm of the European Commission, said Thursday.

For the 27-member European Union, the index of consumer confidence fell from minus 16.8 to minus 19. For the 17-member eurozone, which shares the euro as currency, the index fell from minus 16.5 to minus 18.9.

While hitting a low for 2011, the index is far above its February 2009 historic low, when both indexes for each region were below minus 60.

The report for September is considered a "flash estimate," that could be revised in a month when more data is available.

Source: http://www.upi.com/Business_News/2011/09/22/In-Europe-consumer-confidence-drops/UPI-30881316709124/

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