Eurozone Consumer Confidence Dips Further in April

According to a preliminary report released by the European Commission on Tuesday, consumer confidence in the Eurozone is set to experience a significant downturn in April. The indicator index is expected to plummet from March's already negative 14.5 to a worrying negative 16.7.

EU-Wide Decline Mirrors Eurozone Trends

The report further highlights a similar trend across the European Union, with the indicator predicted 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 shift in consumer sentiment.

This downward trajectory is anticipated to mark the lowest levels of consumer confidence witnessed in the past 18 months, raising alarms about the potential impacts on the Eurozone's economic recovery.