The economic sentiment of the EU and the euro zone improved

Economic sentiment improved in October in the EU28 and the euro zone as well – according to the Thursday statement of the European Commission (EC) .

The economic sentiment indicator (ESI) in the EU, rose to 104 points in October after the 103.5 points of September, while in the euro zone decreased to 100.7 points from the 99.9 points of September.

Thursday's economic sentiment index was better than expected. Market analysts expected 99.7 points.

According to the data of the EC the improvement in business sentiment was widespread in the industry and the service sector and could be detected in Member States, such as Germany, France, Italy and the Netherlands. (MTI)