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European Consumer Confidence Has Not Improved

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January 23, 2012 – Comments (0)

European Confidence data released today shows that consumer confidence remains depressed at 2008/09 levels, well below zero, as shown on the graph below. This low level of consumer spending is fact in spite of the rosy picture that markets are attempting to paint and is well below the average recorded for the past nine years.

Here's the chart

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