The European Commission (EC) said on Thursday its flash estimate showed the consumer confidence indicator for the Eurozone remained unchanged m-o-m in January at -8.1.

Economists had expected the index to improve to -7.8.

Considering the European Union (EU) as a whole, consumer sentiment was also unchanged at -7.0.

Given these flat m-o-m performances, both indicators remain well above their respective long-term averages of -10.6 (Eurozone) and -9.9 (EU), the report said.