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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).