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.
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