The European Commission (EC) said on Thursday its flash estimate showed the consumer confidence indicator for the Eurozone fell by 1.7 points to -15.5 in January from a revised -13.8 in the previous month (originally -13.9).
Economists had expected the index to decrease to -15.0.
Considering the
European Union (EU) as a whole, consumer sentiment deteriorated by 1.6 points
to -16.5.
Given this
month’s declines, both indicators stood well below their long-term averages of
-11.0 (Eurozone) and -10.6 (EU).