Eurozone: Eurozone economic sentiment rises again in September and reaches highest level in over four years
September 29, 2015
The economic mood among businesses and consumers in the Eurozone is gradually improving. According to the European Commission (EC), the economic sentiment index (ESI) rose from 104.1 in August to 105.6 in September. The print marked the highest level since June 2011 and also overshot the 104.1 the market had expected.
Looking at the sectors of the economy, economic sentiment increased in industry and retail trade and was particularly high in services. Meanwhile, economic sentiment among consumers slipped over the previous month.
At a country level, an increase in economic sentiment was notable in Greece (+7.9 points)—which more than offset last month’s 6.1-point decline—Lithuania (+1.7 points) and Malta (+2.8 points). Among the four Eurozone major economies, sentiment in increased in Germany (+1.9 points), France (+0.9 points) and Italy (+3.4), while it decreased in Spain (-0.9 points).
Author: Ricardo Aceves, Senior Economist