The European Commission reported on Wednesday its flash estimate showed the consumer confidence indicator for the Eurozone decreased 1.1 points to -7.6 in October from the previous month. That marked the lowest level since December 2018.

Economists had expected the index to edge down to -6.7.

Considering the European Union (EU) as a whole, consumer sentiment dropped 0.9 points to -7.3.

Given these drops, both indicators remain on a broadly horizontal trajectory well above their respective long-term averages of -10.7 (Eurozone) and -10.0 (EU), the report said.