EU January consumer confidence to boost economic growth is expected to rebound

Brussels, January 21 (Xinhua) European Union and eurozone consumer confidence indices were higher in January this year than in the previous month, suggesting that consumption, which is an important engine of economic growth, is expected to rebound, according to a survey released by the Commission 21st.　　The European Commission said that in January this year, the European Union's consumer confidence index rose from minus 14.3 in December to minus 13.3, while eurozone consumer confidence rose from minus 16.1 to minus 15.8. The consumer confidence index is an important economic indicator to reflect the public's willingness to consume.　　Increased confidence means that consumers are more optimistic about the economic outlook and income expectations, so the willingness to consume will increase. European Union and eurozone consumption continued to shrink as a result of the economic crisis. Analysts had feared that the EU and Euro-zone consumption would fall further, with rising unemployment.