Eurozone: Economic sentiment improves for second consecutive month
February 27, 2015
The Economic Sentiment Index (ESI) elaborated by the European Commission rose from 101.2 points in January to 102.1 points in February. The reading matched market expectations. February’s result marked the highest level in seven months and remains above the 100-point long-term average.
February’s improvement was broad based, with consumer sentiment, industry and retail trade showing the largest gains. At a country level, high economic sentiment was registered in Malta (+3.3) and Slovenia (+0.6) and Slovakia (+0.9). At the other side of the spectrum, Austria (-3.7) and Luxembourg (-1.4) were the worst performers. Among the four largest economies, France (+2.0), Italy (+2.4) and Spain (+0.8) registered higher sentiment, while lower sentiment was recorded in Germany (-0.5).
Author: Armando Ciccarelli, Head of Data Solutions