Eurozone consumer confidence deteriorated further in February, defying expectations for a modest improvement, preliminary data from the European Commission showed Friday.
The flash consumer confidence index fell to -8.8 from -8.5 in January. Economists had expected a score of -8.0.
The index fell for the fifth month in a row and the latest reading was the weakest since March 2021, when it was -10.9.
The corresponding indicator for the EU dropped to -10.2 from -10.0 in the previous month.
The indicator for both regions is now converging to its long-term average, the commission said.
The survey data was collected from February 1 to 17.
The final figures are set to be released along with the monthly economic sentiment survey data on February 25.
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