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EUR: Consumer confidence falls as supply chain issues persist

The euro has held onto its gains against the dollar this morning and has strengthened a little against the pound.

Eurozone consumer confidence fell by 0.9 points in September, as persistent supply chain issues and rising energy costs take their toll on consumer mood.

Markit PMI for the eurozone fell in September, with both France and Germany seeing a fall. Services PMI in France saw a slight increase, however.

Speaking yesterday, European Central Bank (ECB) Governing Council member Ignazio Visco said that supply chain issues are negatively impacting the Italian economy and that these problems could persist.

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