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Euro zone July consumer confidence worse than expected

FILE PHOTO: People are seen at the Rhein Center shopping mall after the re-opening of the borders, amid the coronavirus disease (COVID-19) outbreak, in Weil am Rhein, Germany June 15, 2020. REUTERS/Arnd Wiegmann

BRUSSELS (Reuters) - Euro zone consumer confidence deteriorated in July despite expectations of an improvement even though most European governments relaxed restrictions on business and travel related to the COVID-19 pandemic, preliminary data showed on Thursday.

The European Commission said the consumer confidence indicator for the 19 countries sharing the euro was at -15.0 points in July, deteriorating from 14.7 points in June and defying market expectations of an improvement to -12.0.

For the whole of the European Union of 27 countries, the consumer confidence indicator was -15.6 points.

Reporting by Jan Strupczewski

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