India, May 23 -- Consumer confidence in the euro area strengthened in May to its highest level since early 2022, while wage growth figures lent support to the view that the European Central Bank is set to stop policy easing with the expected interest rate cut in June.
The flash consumer confidence index rose for the fourth month in a row, climbing to -14.3 from -14.7 in April, preliminary results of the monthly survey by the European Commission showed Thursday. Economists had forecast a score of -14.0 for the month.
The corresponding index for the EU climbed to -13.2 from -13.7 in the previous month. Both index readings were the strongest since February 2022. Consumer confidence still remains below the long-term average, the commission sa...