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Eurozone consumer confidence worsens slightly less than expected in November

The European Commission (EC) said on Thursday its flash estimate showed the consumer confidence indicator for the Eurozone declined by 2.1 points to -17.6 in November from an unrevised -15.5 in the previous month. That was the lowest reading since May.

Economists had expected the index to decrease to -17.7.

Considering the European Union (EU) as a whole, consumer sentiment worsened by 2.2 points to -18.7.

Given this month’s declines, both indicators were well below their long-term averages of -11.2 (Eurozone) and -10.6 (EU).

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