World, As Seen from the most beautiful islands: Ireland and Cyprus

Vaccines lift the consumer confidence in Euro area


Consumer confidence in the euro area increased in December, despite the mounting COVID-19 figures and the tightening of measures to contain the virus in many European countries. This is apparent from a preliminary estimate by the European Commission. Probably they got the confidence from the news about the vaccines.

The index used by Brussels to measure confidence rose by 3.7 points to minus 13.9 points. This means that the gauge is still below the long-term average. The index for the European Union as a whole rose by 3.4 points to minus 15.3 points, also below the long-term average.

In November there was a fall in confidence. The commission will present final figures on consumer and business confidence in December in January.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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