Euro zone consumer confidence jumps more than expected in March

The coronavirus disease (COVID-19) outbreak in Nice
FILE PHOTO: People, wearing protective face masks, queue outside a shop in a street in Nice as France' 16 hardest-hit departments will go into a third lockdown imposed to slow the rate of the coronavirus disease (COVID-19) contagion, March 19, 2021. REUTERS/ Eric Gaillard

March 24, 2021

BRUSSELS (Reuters) – Euro zone consumer confidence jumped more than expected in March, the European Commission’s flash estimate showed on Wednesday, despite worries over a third wave of COVID-19 pandemic lockdowns.

The Commission’s monthly estimate showed confidence among consumers rise 4 points to -10.8 in March, beating expectations in a Reuters poll of economists of an improvement to -14.5.

(Reporting by Jan Strupczewski)