Euro area Consumer Confidence Indicator improves to -20.9 in January vs. -22.5 expected

Consumer confidence in the Euro area and the EU improved in early January.
EUR/USD trades flat on the day at around 1.0850.

Eren Sengezer FXStreet

The data published by the European Commission revealed on Friday that the Consumer Confidence Indicator in the Euro area improved to -20.9 in January's flash estimate from -22.2 in December. This reading came in better than the market expectation of -22.5.

In the European Union, the Consumer Confidence Indicator rose by 1.4 points to -22.4.

Market reaction

The EUR/USD pair showed no immediate reaction to these data and was last seen trading virtually unchanged on a daily basis at 1.0855.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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