Consumers Grow More Uncomfortable in Europe

By -

Data released today (Thursday) shows that consumers in
the Eurozone
are growing ever-more uncomfortable, as shown on the graph
below.

Since Consumer Confidence is a "leading indicator of consumer
spending, which accounts for a majority of overall economic activity," and they
are approaching the 2009 lows, this does not match the buoyant signals that the
European markets have been sending/portraying. As they are major importers of
Chinese products, this will, no doubt, continue to impact China's slowing
economy, as mentioned in my last post.

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