EU: Consumer confidence in February (preliminary) improves slightly to -7.4 vs -7.8 expected

In its latest Business and Consumer Surveys, the European Commission said that the flash consumer confidence indicator in the euro area rose by 0.5 points to -7.4 in February and came in slightly better than the market expectation of -7.8.

"At −7.4 points (euro area) and −7.2 points (EU), both indicators are well above their respective long-term averages of −11.3 (euro area) and −10.5 (EU)," the EC noted in its publication.