Euro Area: Economic sentiment ticks up in November

Euro Area Economic Sentiment November 2023

Euro Area: Economic sentiment ticks up in November

Sentiment in the Eurozone rose to 93.8 in November from 93.5 in October. Consequently, the index remained entrenched below its long-run average of 100, signaling persistent albeit moderating pessimism.

Sentiment in the construction and retail trade sectors improved, as did consumer confidence. However, sentiment in the services and industrial sectors weakened. Meanwhile, selling price expectations eased in the retail trade and industry sectors, and rose in the services and construction sectors. Moreover, employment expectations weakened.

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

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