Consumers - The mood has never been worse - Economy


In view of the energy crisis and rapidly rising prices in many places, the mood of the consumer in the euro zone fell to a record low. The barometer for the consumer climate fell by 3.8 points to minus 28.8 points, according to the EU Commission survey published on Thursday. Economists surveyed by Reuters had only expected a decline to minus 25.8 points. One reason for the generally still gloomy mood is likely to be the sharp rise in consumer prices. Goods and services rose in August in the euro zone by an average of 9.1 percent compared to the same month of the previous year and thus more than at any time since the introduction of the euro. For September, economists expect a further increase to 9.4 percent.



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