Relapse for consumer confidence in the Eurozone, as trade deficit grows

first_img whatsapp Monday 20 December 2010 7:33 pm Share KCS-content Relapse for consumer confidence in the Eurozone, as trade deficit grows whatsappcenter_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com HOPES for a retailing resurgence across the Eurozone took a hit yesterday, with news that consumer confidence has dropped more sharply than expected.In November the confidence index rose to a 35-month high, yet appears set to drop in December, according to the European Commission’s “flash” reading.The full reading for the month will be published on 6 January.The drop was the first since May, when problems in the single currency’s peripheral states previously reached a peak.“Consumer spending has been a weak link in the Eurozone’s economic recovery,” said Howard Archer of IHS Global Insight. “Yet retail sales volumes rose by 0.5 per cent in October, which was the best performance since May — so this relapse in consumer confidence is disappointing.”Meanwhile, the Eurozone’s trade deficit increased considerably beyond the expectations of analysts in October. The deficit of €9.8bn (£8.3bn) was up from €9.7bn (£8.2bn) in September.Deficits in current transfers, income, and goods were only partly offset by a surplus in services. In Germany, producers prices rose slightly more than expected, up 0.2 per cent in November compared to the previous month – and 4.4 per cent higher than last year.Food inflation led the way, increasing by one per cent on October.“Pipeline pressures in the food chain keep building up,” said Fabio Fois of Barclays Capital Research. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius Tags: NULLlast_img

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