EC's consumer confidence indicator improved to +1.3 from +0.8 in euro area

"In January 2018, the DG ECFIN flash estimate of the consumer confidence indicator improved in both the euro area (+0.8 points to +1.3) and the EU (+1.0 points to +0.4) compared to December 2017," the European Commission announced on Tuesday.

Key highlights

In December, the Economic Sentiment Indicator (ESI) increased further, continuing the upward trend observable since autumn 2016.

The indicator increased strongly by 1.4 points in the euro area (to 116.0), and by 1.6 points in the EU (to 115.9), reaching the highest levels since October (euro area) and August 2000 (EU).