Eurozone: Eurozone sentiment worsens in September
September 29, 2014
The Economic Sentiment Indicator (ESI) published by the European Commission fell to 99.9 points in September, which was down from the 100.6 points recorded in August and below market expectations of 100.0 points. September’s reading marks the lowest level since November last year; moreover, the index is now sitting below its 100-point long-term average.
All categories measured by the ESI deteriorated compared to the previous month, with the exception of services. At a country level, the largest decreases were seen in Finland (-5.8 points) and Austria (-3.5 points). Among the four major economies in the region, sentiment deteriorated in Italy (-0.9 points) and Germany (-0.3 points). Sentiment improved in Spain (+0.5 points) and in France (+0.2 points). Malta boasted the highest confidence level in the region in June with 118.0 points, followed by Slovenia, with 104.4 points.
Author: Armando Ciccarelli, Head of Data Solutions