Eurozone Economic Sentiment September 2018


Eurozone: Economic sentiment hits 15-month low in September

September 27, 2018

Economic sentiment in the Eurozone continued to fall in September, maintaining this year’s downward trend. According to the European Commission (EC), the economic sentiment index (ESI) came in at 110.9 points, down from 111.6 points in August and the worst result seen in 15 months. Nonetheless, sentiment in the Eurozone remains elevated in comparison to levels seen over the past two decades.

Lower confidence in the industrial sector and among consumers chiefly drove the decline in sentiment. In contrast, firms were more optimistic in the retail trade and construction sectors. Employment plans were also mixed across sectors, deteriorating markedly in the services sector, but improving in retail trade and construction sectors.

Among member countries, economic sentiment decreased in eleven economies, including major-players France, Germany, Italy and Spain.

FocusEconomics Consensus Forecast panelists see private consumption growing 1.6% in 2018, which is unchanged from last month’s projection. For 2019, panelists see consumption expanding 1.7%. Panelists expect investment to grow 3.4% in 2018, which is unchanged from last month’s forecast. In 2019, panelists see investment increasing 3.1%.


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Eurozone Economic Sentiment Chart

Euro Economic Sentiment September 2018 0

Note: The Economic Sentiment Indicator (ESI) is based on surveys addressed to the manufacturing, services, retail trade and construction sectors, as well as to consumers. Values above 100 indicate an above-average economic sentiment, whereas values below 100 indicate a below-average position.
Source: European Commission

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