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Eurozone consumer confidence improves in January

Staff Writer |
Eurozone consumer confidence improved less than expected in January, according to flash figures released by the European Commission.

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The confidence indicator for the eurozone rose to -7.9 this month from a downwardly-revised -8.3 in December, but came in well below consensus expectations for a reading of -6.5.

The indicator for the EU, meanwhile, ticked down 0.2 points to -7.8.

Still, both remained well above their respectively long-term average of -11.3 and -10.5.

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