11/29/2022, 11:02 AM (Source: TeleTrader)
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Eurozone's consumer confidence significantly up in Nov.

Consumer confidence in the Eurozone observed a strong monthly improvement in November, rising by 2.8 points and coming in at the expected negative 23.9, the European Commission revealed in its final report published on Tuesday. In the European Union, the figure stood at negative 25.8, up by 2.8 points compared to the number registered in October.

The Economic Sentiment Indicator (ESI) advanced by 1.0 in both the euro area and the EU to reach 92.2 and 93.7, respectively. The report noted that a "rebound in consumer confidence [...] more than outweighed a further deterioration of industry confidence," while "sentiment in services, retail trade and construction remained broadly unchanged."

The Employment Expectations Indicator (EEI) grew by 2.0 points to hit 107.4 in the Eurozone and by 1.4 points in the EU to stand at 106.3, an improvement "fuelled by more optimistic employment plans in industry and, particularly, services."

Baha Breaking News (BBN) / JR