Eurozone consumer confidence ends 10-month drop

(BRUSSELS) - Consumer and business confidence in the 17-nation eurozone improved slightly in January, halting a 10-month decline, official data showed on Monday.

A confidence index compiled by the European Commission for the eurozone edged up to 93.4 points from 92.8 points in December, revised data showed.

Across the 27-nation European Union, confidence of business leaders and consumers gained 1.2 points to an indexed 92.8 according to the data.

The improvement was the result of a pick-up in the service sector, and to a lesser degree, among consumers and professionals in the construction sector, a statement said.

• Economic Sentiment Indicator (ESI)
• Business Climate Indicator