European consumer confidence slumped in July amid a
deepening sense of concern about the region's debt crisis, a survey
released Wednesday showed.
The European Commission said its survey of consumer confidence in the 17-member eurozone fell to a preliminary reading of minus 11.4 points this month from a downwardly revised reading in June of minus 10.3 points. Analysts had forecast a figure of minus 10.2 points this month.
The commission mounted the survey amid a fresh outbreak of tension surrounding the debt crisis that has gripped parts of the eurozone since the start of last year. Details of the commission's survey are due to be released next week.
The survey also adds to signs that the crisis, which has already claimed Greece, Portugal and Ireland, is starting to impact the performance of the currency bloc's economy. Now the fear is that the crisis could threaten Spain and Italy.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Top Websites for U.S. Hispanics
- Ad Counts Rise in 2013 for Hispanic Magazines
- Networks Vie for U.S. Hispanic TV Viewers
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Apple Activates Customer-Tracking iBeacon
- Dell Offers Undisclosed Number of Employee Buyouts
- A Biography of Jonathan Ive, Apple's Creative Chief
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- Authorities Close to Deal with JPMorgan Chase over Madoff Response