Consumer Confidence in EU Economy Drops in January 2024
• Consumers losing confidence in EU economy according to latest sentiment indicator for January 2024 • Flash estimate shows consumer confidence indicator fell to -16.1 in January, down 0.9 from December • Survey involves 23,000 households on views of economic/financial situation, savings, prices, conditions • In the EU overall, same indicator was -16.2 for January, down 0.2 from December • Results come as euro area inflation rose to 2.9% in December, up from 2.4% in November