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- Eurozone consumer confidence improves more than expected in December
Eurozone consumer confidence improves more than expected in December
The European
Commission (EC) said on Monday its flash estimate showed the consumer
confidence indicator for the Eurozone rose by 3.7 points to -13.9 in December from
an unrevised -17.6 in the previous month. That was the highest reading
since September.
Economists had
expected the index to increase to -16.8.
Considering the
European Union (EU) as a whole, consumer sentiment improved by 3.4 points to -15.3.
Despite this
month’s gains, both indicators remained well below their long-term averages of
-11.2 (Eurozone) and -10.7 (EU).
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