“In January 2019, the DG ECFIN flash estimate of the consumer confidence indicator picked up slightly in the euro area (0.4 points up) and remained broadly stable in the EU (-0.2 points down),” the European Commission reported on Wednesday.
Key quotes
“At −7.9 points (euro area) and −7.8 points (EU), both indicators remain well above their respective long-term averages of −11.3 (euro area) and −10.5 (EU).”
“In December 2018, the Economic Sentiment Indicator (ESI) decreased markedly in both the euro area (by 2.2 points to 107.3) and the EU (by 2.0 points to 107.6).”
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