April's Consumer Confidence Decline

According to a preliminary report released by the European Commission on Tuesday, consumer confidence in the Eurozone is expected to take a significant hit in April. The indicator index is projected to fall from March's negative 14.5 to a worrying negative 16.7.

EU-Wide Downturn

Similarly, across the European Union, the indicator is anticipated to decrease by 2.1 percentage points month-on-month, landing at negative 16. Both indices have "moved further away" from their long-term averages, signaling a concerning trend.

Historical Lows

This downturn is not just a minor fluctuation; both the Eurozone and EU indices are predicted to reach their lowest points in the past 18 months, marking a significant moment of economic uncertainty for the region.