Europe's consumers are at their most bullish since 2007

The European Commission just confirmed the strongest consumer confidence in the eurozone since mid-2007.

As measured by the EC, the confidence index rose to -3.7, from -6.7 in February. Those are the best readings seen since mid-2007.

Consumer confidence rose pretty solidly between the end of 2012, when it seemed like the euro crisis was finally in the rear view mirror, up to mid-2014.

The block had something of a relapse last year - though it had only just come out of recession, weak economic data suggested there could be another (which would have been the third in six years).

But after dipping a bit during the Autumn and early Winter, consumer confidence is now really powering ahead again.

A series of new figures released today surprised to the upside too: At 103.9, "economic sentiment" as measured by the European Commission is also climbing. At 103.9, it's at its highest since mid-2011.

What's more, today's data show us that the current upswing has a nice broad base.

At -2.9, industrial confidence is at its highest level since September 2011, while at 6, services sentiment is higher than it's ever been (measurements only started two years ago)