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.