Eurozone: Economic sentiment inches up to highest level in almost 6 years
February 27, 2017
Economic sentiment in the Eurozone rose slightly in February, according to the European Commission (EC). The economic sentiment index (ESI) increased from 107.9 in January to 108.0, the highest reading since March 2011. The result matched market analysts’ expectations. Despite a number of ongoing political uncertainties, economic sentiment rests at a high level in the Euro area.
Looking at the sectors of the economy, economic sentiment rose in the manufacturing, construction and services sectors. However, sentiment fell among consumers and retail trade firms.
At a country level, sentiment improved in 10 countries including France, Italy, and Spain. In contrast, sentiment deteriorated in seven countries, including Germany.