Euro-Area Consumer Confidence Drops to Lowest Since August 2009
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European consumer confidence dropped for a fourth month in October to the lowest in more than two years, adding to signs of a deepening economic slowdown.
An index of household sentiment in the 17-nation euro area fell to minus 19.9 from minus 19.1 in September, the Brussels-based European Commission said in an initial estimate today. That’s the lowest since August 2009. Economists forecast a drop to minus 20, the median of 29 estimates in a Bloomberg News survey showed.