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In December 2016, the DG ECFIN flash estimate of the consumer confidence indicator increased markedly in both the euro area (by 1.1 points to -5.1) and the EU (by 1.2 points to -4.6) compared to November.

This month's Flash CCI for the EU aggregate is computed on the basis of consumer survey data from 27 EU countries, covering about 98.9% of the total private final consumption expenditure. For the euro-area indicator, the 18 countries included represent 98.5% of the total.

 

Euro is currently being traded around 1.04 level. Pair is likely to find support around 1.0350 handle and resistance above 1.0450 area.

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