Consumers think it's a good time to spend - Q3 update on consumer confidence in Europe

In this podcast, Ilaria Maselli (Senior Economist) deep dives into the quarter 3 results for Europe of The Global Consumer Confidence Index by The Conference Board and Nielsen. They also discuss specific countries of interest, as well as preferences and concerns of European consumers. The new data show that confidence increased in Europe (at 88) and remained unchanged in the Euro Area subset (at 89). These are historically high levels of consumer confidence, in Europe as well as globally. We discuss the gap between (high) consumer confidence and (low) business confidence, and what this means for economic growth. We also dive into consumers' concerns in different countries and remark the increasing concern over global warming.