Eurozone: Economic sentiment falls to over four-year low in September
September 24, 2019
Sentiment in the Eurozone dropped sharply in September, reversing August’s marginal gains. Economic sentiment fell 1.4 points from August’s 103.1 points to 101.7 points. September’s result marked the worst reading since February 2015. Accordingly, sentiment in the Eurozone is only slightly above its long-run average of 100 points.
A sharp drop in sentiment in the industrial sector drove September’s downturn amid more pessimistic views on production expectations and order books. In addition, confidence fell in the retail trade sector, but rose among consumers and in the services sector.
Among individual economies, sentiment fell almost across the board, with the most notably declines in Luxembourg, Ireland and Spain.