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- Eurozone consumer confidence improves as expected in November
Eurozone consumer confidence improves as expected in November
The European
Commission (EC) said on Thursday its flash estimate showed the consumer
confidence indicator for the Eurozone increased by 0.4 points to -7.2 in
November from the previous month.
Economists had
expected the index to improve to -7.2.
Considering the
European Union (EU) as a whole, consumer sentiment rose by 0.6 points to -6.7.
Given these
gains, both indicators remain on a broadly horizontal trajectory well above
their respective long-term averages of -10.6 (Eurozone) and -9.9 (EU), the
report said.
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