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Euro zone consumer confidence near 17-year high in November

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Euro zone consumer confidence near 17-year high in November

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BRUSSELS (Reuters) – Euro zone consumer confidence rose to its highest level in nearly 17 years in November, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone consumer morale increased to 0.1 from a revised -1.1 points in October, which was higher than the average expectation of economists in a Reuters poll of -0.8. It was the first positive reading of the index since January 2001. The long-term average is below -10 points. In the European Union as a whole, consumer sentiment rose to -0.7 from -1.6 in October.

For European Commission data click on: https://ec.europa.eu/info/business-economy-euro/indicators-statistics/economic-databases/business-and-consumer-surveys_en (Reporting by Philip Blenkinsop)
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