Europe Economy

Euro zone consumer confidence falls unexpectedly in April

Rosley Majid | EyeEm | Getty Images

Euro zone consumer confidence fell unexpectedly by 0.7 points in April from the March number, figures released on Tuesday showed. 

The European Commission said a flash estimate showed euro zone consumer morale decreased to -7.9 this month from -7.2 in March. Economists polled by Reuters had expected a rise to -7.0.

In the European Union (EU) as a whole, consumer sentiment fell by 0.6 points to -7.7.

Both indicators remain above their respective long-term averages of -11.3 for the euro zone and -10.4 for the EU as a whole, the Commission said.