Economic sentiment improved in the eurozone and the EU28 in the first month of 2020, versus last December, the European Commission announced on Thursday.

In January, the Economic Sentiment Indicator (ESI) rose 1.9 points to reach 101.3 in EU28 and enhanced 1.5 points to reach 102.9 in the eurozone, according to a press release issued by the commission.

The increase in the euro area stemmed from significant rises in confidence in the industry and construction sectors, while it dropped among retail traders and remained unchanged in services sector.

Amongst the largest euro-area economies, the ESI soared in Germany by

Read more: Europe: Economic sentiment up in January