Eurozone Consumer Confidence falls to -8.8 in February’s flash estimate versus expected rise to -8.0

According to the flash estimate of the European Commission’s Eurozone Consumer Confidence survey, the headline index fell to -8.8 in February versus forecasts for a slight rise to -8.0 from -8.5 the month prior (January). 

Market Reaction

The euro did not see any reaction to the slightly weaker than expected Eurozone Consumer Confidence data, with FX markets much more focused for now on geopolitical tensions between Russia, Ukraine and NATO as fighting in Ukraine’s Eastern Donbas region enters a second day.