July 23, 2018 / 2:05 PM / 24 days ago

Euro zone consumer confidence unchanged in July

BRUSSELS (Reuters) - Euro zone consumer confidence was unchanged in July from June, indicating economic growth may be stabilising going into the third quarter, figures released on Monday showed.

A customer carries shopping bags with purchases outside a department store in Paris, France, February 26, 2016. French consumer prices fell 0.1 percent over 12 months, the INSEE statistic agency said in a first estimate of EU-harmonised inflation data. Economists polled by Reuters had expected on average an inflation rate of 0.1 percent in February. REUTERS/Charles Platiau - D1BESPGRQNAB

The European Commission said a flash estimate showed euro zone consumer morale was unchanged at -0.6 points in July, with the June figure being revised down to -0.6 from the -0.5 previously reported.

In the European Union as a whole, consumer sentiment increased by 0.6 points to -0.7, the Commission added.

Despite some economic weakness in the second quarter, economists expect growth to resume in the second half of the year.

The European Central Bank expects the economy of the 19-country euro zone to grow by 2.1 percent this year.

For European Commission data click on:

here

Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop

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