The economic mood in the EU and the euro area barely changed in July
The economic sentiment index in the euro area and the European Union barely changed in July compared to the previous month, according to a survey of the European Commission’s Directorate General for Economic and Financial Affairs (DG ECFIN) presented on Tuesday.
The economic sentiment index (Economic Sentiment Indicator, ESI) in the euro area decreased from 95.9 points in June to 95.8 points, and the economic sentiment index of the European Union rose from 96.3 points to 96.4 points in July.
The Employment Expectations Indicator (EEI) weakened by 1.6 points to 98.7 points in the EU and by 1.8 points to 97.8 points in the euro area, thus falling below the long-term average in both regions for the first time since April 2021 .
Based on the final data of DG ECFIN for July, the consumer sentiment index improved by 0.7 points to minus 12.2 points in the European Union, while it rose by 1.0 points to minus 13.0 points in the euro area. The index is starting to approach the long-term average in both regions.
Related news
KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >In the second quarter, GDP grew by 0.3 percent in the euro area and in the EU on a quarterly basis
In the second quarter of this year, with a seasonal…
Read more >In the OECD, the real income of the population increased by 0.9 percent in the first quarter
In the countries of the Organization for Economic Co-operation and…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >