29 Jan 2015
Europe Economic Sentiment Indicator improves slightly in January
FXStreet (London) - In January, the Economic Sentiment Indicator (ESI) increased slightly in both the Eurozone (by 0.6 points to 101.2) and the EU (by 0.5 points to 104.6).
The report from the European Commission indicated that the improvement of Eurozone sentiment resulted from marked increases in consumer and retail trade confidence, only partly offset by declines in confidence in the services and construction sectors. Confidence in industry remained broadly stable. Amongst the largest euro-area economies, the ESI rose in Germany (+0.4), Spain (+1.0) and Italy (+2.6), while it declined in France (-0.4) and the Netherlands (-1.2).
The headline indicator improved slightly in the EU (+0.5) and the largest non-Eurozone economy, the UK (+0.6), but decreased in Poland (-0.9). While confidence in industry, retail trade, construction and among consumers followed the same patterns as in the Eurozone, EU services confidence remained virtually unchanged. Finally, confidence in financial services declined in line with the Eurozone.
The report from the European Commission indicated that the improvement of Eurozone sentiment resulted from marked increases in consumer and retail trade confidence, only partly offset by declines in confidence in the services and construction sectors. Confidence in industry remained broadly stable. Amongst the largest euro-area economies, the ESI rose in Germany (+0.4), Spain (+1.0) and Italy (+2.6), while it declined in France (-0.4) and the Netherlands (-1.2).
The headline indicator improved slightly in the EU (+0.5) and the largest non-Eurozone economy, the UK (+0.6), but decreased in Poland (-0.9). While confidence in industry, retail trade, construction and among consumers followed the same patterns as in the Eurozone, EU services confidence remained virtually unchanged. Finally, confidence in financial services declined in line with the Eurozone.