Euro Area: Economic sentiment drops in September

Euro Area Economic Sentiment September 2023

Euro Area: Economic sentiment drops in September

Sentiment in the Eurozone fell to 93.3 in September from 93.6 in August. Consequently, the index moved further below its long-run average of 100, signaling persistent albeit moderate pessimism.

Sentiment in the construction, retail and services sectors decreased. Moreover, consumer confidence lost some ground. Meanwhile, selling price expectations eased in the services and retail trade sectors and remained broadly flat in the industry and construction sectors. Moreover, employment expectations strengthened.

In terms of specific countries, sentiment declined in Italy and Spain while it rose in France, Germany and the Netherlands.

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