Moody's: Consumer confidence still intact in Europe

International credit rating agency Moody's announced that despite the increase in cases associated with the Delta variant of the new type of coronavirus (Kovid-19), consumer confidence is still solid in Europe. It was stated that the prices of the consumers, especially the low-income consumers, will cause a decrease in their arbitrary expenditures.
In the information note, it was reported that retail sales in Europe increased by 5 percent in July this year compared to July 2019. In the information note, which stated that consumer confidence in Europe is still strong, it was noted that consumption in the service sector was 10-15 percent lower than in the pre-epidemic period.