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.
