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Italian Consumers More Confident Than Germans For The First Time Since 2009

The latest batch of European consumer confidence data is a very mixed bag. On the weak side, the French continue to be miserable, notable outliers to the rest of the majors, and German confidence has now fallen for 7 straight months. However, Italians have not been this confident since 2002 and for the first time since 2009, both Italian and Spanish consumer confidence is higher than Germany's.

 

 

So if everyone is so damn confident, why does Draghi continue to feel the need to push for moar emergency easing?

 

Charts: Bloomberg