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Financial News: Eurozone Consumer Confidence Rises To -20.9, Highest In

Eurozone Consumer Confidence Rises To -20.9, Highest In 11 Months

01/23/2023 - 10:37:00 (RTTNews)

(RTTNews) - Consumer confidence in the eurozone continued to recover at the start of the year, reaching its highest level in nearly a year, according to preliminary figures released by the European Commission on Monday. The flash consumer confidence index rose 1.1 points to -20.9 in January. Economists had forecast a score of -20.0.

This was the highest reading since February 2022, when the score was -9.7.

The corresponding reading for the EU rose 1.4 points to -22.4.

Consumer confidence remained well below its long-term average, the commission said.

Final results for euro area consumer confidence are set to be released along with the monthly economic sentiment survey data on January 30.

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