The European
Commission reported on Tuesday its flash estimate showed the consumer confidence
indicator for the Eurozone increased 0.6 points to -6.6 in July from the
previous month.
Economists had
expected the index to stay at -7.2.
Considering the
European Union (EU) as a whole, consumer sentiment also rose 0.6 points to -5.9.
Given these gains,
both indicators stand well above their respective long-term averages of -10.7
(Eurozone) and -10.0 (EU), the report said.