The Consumer Confidence Indicator for the Eurozone rose by 3.7 points to -13.9 in December from -17.6 in November, data released yesterday showed. This was better than the expected figure of -16.8 and sentiment was supported by positive COVID-19 vaccine developments last month.
The same figure for Germany dropped to a six-month low of -7.3 heading into January 2021, but above expectations of -8.8. This was possibly due to strict lockdown measures in Germany that are set to continue over Christmas.
The euro has weakened against the dollar, as the greenback strengthens due to news of a variant of the COVID-19 virus.
