Eurozone January final consumer confidence -14.2 vs -14.2 prelim

• Prior -14.5
• Economic confidence 95.2 vs 94.1 expected
• Prior 93.7
• Industrial confidence -12.9 vs -13.8 expected
• Prior -14.1
• Services confidence 6.6 vs 6.0 expected
• Prior 5.9; revised to 5.7

Slight delay in the release by the source. Euro area economic sentiment edged higher to start the new year with a decent improvement in services sector confidence. While there was also some improvement in manufacturing confidence, it remains highly subdued at the moment. All that being said, the overall outlook remains challenging at best for the Eurozone at the moment – not least with Germany still remaining problematic.

This article was written by Justin Low at www.forexlive.com.